Bloomberg Surveillance 6/10/2026

Watch on YouTube ↗  |  June 10, 2026 at 15:00  |  2:24:19  |  Bloomberg Markets
Speakers
Steve Chiavarone — Chief Equity Strategist, Federated Hermes
Orlando Bravo — Co-Founder, Thoma Bravo
Veronica Clark — Economist, Citi
Jim Bianco — President, Bianco Research
Henry McVey — KKR Global Macro and Asset Allocation Head
Tony Rodriguez — Head of Fixed Income Strategy, Nuveen
Gargi Chaudhuri — Head of iShares Investment Strategy, BlackRock
Dan Ives — Managing Director, Wedbush Securities
Stephen Cook — Council on Foreign Relations
David Kelly — Chief Global Strategist, J.P. Morgan Asset Management

Summary

Bloomberg Surveillance covers equity market selloffs, the upcoming SpaceX mega IPO, and diverse views on AI, inflation, and Fed policy. Guests largely favor buying US equities on dips, with specific calls on AI, energy, cybersecurity, and infrastructure. Conflicting rate outlooks emerge from Citi (cuts) and Nuveen (no cuts, possible hikes), while geopolitical oil supply risks are flagged.

  • US equities seen as a buy on volatility dips backed by strong infrastructure build and margins (Federated Hermes).
  • Software and cybersecurity sectors have rebounded; cybersecurity especially gets a massive tailwind from AI threats (Thoma Bravo).
  • Citi forecasts three Fed rate cuts this year starting September, supporting long Treasuries (Veronica Clark).
  • BlackRock recommends AI and energy as durable growth themes and finds current bond yields attractive for coupon clipping (Gargi Chaudhuri).
  • Nuveen expects rate hikes not cuts, making bonds unattractive (Tony Rodriguez).
  • KKR sees global infrastructure significantly underweight and poised to double allocation (Henry McVey).
  • Dan Ives targets Nasdaq 30,000 in six months and is bullish on Alibaba-led China tech (Wedbush).
  • Jim Bianco warns oil inventories are drawing down, risking a price spike within months (Bianco Research).
Ideas
Steve Chiavarone Chief Equity Strategist, Federated Hermes 4:28
Buy US equities on volatility dips.
Market volatility driven by non-fundamental factors like portfolio rebalancing and mega IPO supply creates buying opportunities. Underlying fundamentals remain strong with the biggest infrastructure buildout since railroads and fastest margin growth in his lifetime. Wants to own equities and buy the dip.
SPY HIGH
Orlando Bravo Co-Founder, Thoma Bravo 33:48
Software sector rebound is real.
The SaaS-pocalypse is over; public investors realize software companies are evolving with agentic AI and these are unbelievable businesses. Software stocks have rebounded strongly, overcoming earlier fears.
IGV MED
Orlando Bravo Co-Founder, Thoma Bravo 34:14
Cybersecurity has massive tailwind now.
Cybersecurity is a huge tailwind from AI-driven threats; the firm invests 50% of its dollars there, and the sector has rebounded strongly over the past month as the AI freak-out ends.
CIBR HIGH
Veronica Clark Economist, Citi 42:04
Fed will cut rates three times.
Labor market data will weaken over the summer, conflicting with strong payrolls. The Fed will cut rates 75bps this year with 25bp cuts in September, October, and December as core PCE eases.
TLT MED
Jim Bianco President, Bianco Research 56:27
Oil spike likely as inventories run low.
Crude oil inventories are being drawn down with the Strait of Hormuz effectively closed. There is no urgency to resolve it while oil stays at $90, but when inventories hit operational limits in months, a price spike is likely.
WTI MED
Henry McVey KKR Global Macro and Asset Allocation Head 86:29
Double allocation to global infrastructure.
Global investors are underweight infrastructure at ~3%, which should double as the AI and security industrial revolution drives massive buildout. This creates a durable allocation opportunity.
GII MED
Gargi Chaudhuri Head of iShares Investment Strategy, BlackRock 105:50
Energy sector benefits from security demand.
Energy security is a key durable investment theme alongside AI, benefiting from geopolitical chokepoints and rising demand for secure supply.
XLE MED
Gargi Chaudhuri Head of iShares Investment Strategy, BlackRock 105:50
AI sector is durable growth opportunity.
AI is a durable growth theme; solid earnings and accelerating monetization mean pullbacks are healthy buying opportunities in this secular growth sector.
XLK MED
Dan Ives Managing Director, Wedbush Securities 116:04
Nasdaq rally continues to 30,000.
The AI arms race and tech earnings power will drive the Nasdaq to 30,000 in the next six months. The SpaceX IPO and continued monetization support the rally.
QQQ HIGH
Dan Ives Managing Director, Wedbush Securities 116:41
China tech like Alibaba poised to win.
Chinese big tech, particularly Alibaba, is winning in AI and robotics, representing the next phase of the global tech rally outside the U.S.
BABA MED
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This Bloomberg Markets video, published June 10, 2026, features Steve Chiavarone, Orlando Bravo, Veronica Clark, Jim Bianco, Henry McVey, Gargi Chaudhuri, Dan Ives discussing SPY, IGV, CIBR, TLT, WTI, GII, XLE, XLK, QQQ, BABA. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Steve Chiavarone, Orlando Bravo, Veronica Clark, Jim Bianco, Henry McVey, Gargi Chaudhuri, Dan Ives  · Tickers: SPY, IGV, CIBR, TLT, WTI, GII, XLE, XLK, QQQ, BABA