Tech Selloff Deepens Ahead of CPI; US, Iran Exchange Strikes | Bloomberg Brief 6/10/2026

Watch on YouTube ↗  |  June 10, 2026 at 11:13  |  49:11  |  Bloomberg Markets
Speakers
Neil Kaplan — Bloomberg Senior Strategist
Ken Kencel — CEO, Churchill Asset Management
Anuj Ranjan — CEO, Brookfield Private Equity
Andrew Hollenhorst — Chief US Economist, Citi
Vonnie Quinn — Anchor, Bloomberg
Justina — Reporter

Summary

US equity futures slip ahead of CPI data as tech selloff deepens, while US and Iran exchange strikes after a helicopter downing. Ken Kencel argues private credit lending conditions have become attractive as retail lenders retreat. Anuj Ranjan sees a paradigm shift toward real assets and heavy-industry businesses benefiting from AI buildout. Neil Kaplan makes a bullish case for ASML based on its monopoly pricing power. Andrew Hollenhorst expects three Fed rate cuts this year, contingent on labor market weakness.

  • US equity futures edge lower ahead of CPI, with tech leading the selloff.
  • US and Iran exchange strikes after helicopter downing, but oil prices remain muted.
  • Ken Kencel says private credit lending is becoming more attractive as retail-driven lenders pull back.
  • Anuj Ranjan notes a market shift favoring asset-heavy, resilient businesses tied to AI infrastructure.
  • Neil Kaplan is bullish on ASML, citing its monopoly in EUV lithography and underpriced power.
  • Andrew Hollenhorst expects three Fed rate cuts in 2026, contingent on labor market softening.
  • Cracker Barrel boosts guidance on patriotic merchandise sales; Super Micro falls on equity raise plans.
  • BOJ Governor Ueda hospitalized, missing policy meeting where a rate hike was anticipated.
Ideas
Neil Kaplan Bloomberg Senior Strategist 12:11
ASML has monopoly and underpriced.
ASML has a monopoly in extreme ultraviolet lithography, giving it the greatest pricing power among chip equipment makers; the market underestimates its processing power, so ASML should be valued higher than it currently is.
ASML MED
Ken Kencel CEO, Churchill Asset Management 15:02
Private credit lending opportunity is attractive.
Disruption from retail-driven lenders pulling back is creating attractive lending opportunities in private credit, with spreads 50-75 basis points wider, better terms, and lender-friendly dynamics, while institutional allocations continue to grow, making this an attractive time to deploy capital in private credit.
BIZD MED
Anuj Ranjan CEO, Brookfield Private Equity 38:56
Real assets benefit from AI buildout shift.
The market is shifting away from asset-light, fast-scaling businesses toward resilient, hard-to-replicate, asset-heavy companies that are critical to the global economy and AI buildout; real assets like power, land, and steel are essential for AI infrastructure, creating tremendous opportunity for investors in real assets and heavy-asset services.
GLD MED
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This Bloomberg Markets video, published June 10, 2026, features Neil Kaplan, Ken Kencel, Anuj Ranjan discussing ASML, BIZD, GLD. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Neil Kaplan, Ken Kencel, Anuj Ranjan  · Tickers: ASML, BIZD, GLD