JP Morgan's Gabriela Santos says AI remains the biggest theme in global markets but investors may be dangerously concentrated. She explains why recurring AI selloffs are inevitable, where investors can still find diversification, and how massive tech borrowing is quietly extending AI risk from stocks into bonds.
JPMorgan's Gabriela Santos says investors don't have to abandon the AI boom to protect themselves from the next selloff. She explains why AI-driven volatility is likely to keep returning, and identifies Treasuries, gold, core real estate and European stocks as potential portfolio shock absorbers.
US-listed metaverse company Super League (NASDAQ:SLE) surged more than 20% in pre-market trading, pushing its market capitalisation to US$5.11 million, following news of a major capital injection from Japanese Bitcoin treasury company Metaplanet.
"I don't think it matters what the Fed does," says Kay Herr, US GFICC CIO at JPMorgan Asset Management, in reference to the rally in yields, as the market "really doesn't love the fact that we don't have forward guidance." She speaks on "Bloomberg Surveillance."
The global bond selloff continues with long-dated bond yields pushing further into multidecade highs. Ira Jersey of Bloomberg Intelligence has more on what could be causing all this on "Bloomberg Surveillance."
Mark Cabana, head of US rates strategy at BofA Global Research, explains the factors he sees contributing to the US bond selloff.
Katrina Dudley, Senior Investment Strategist at Franklin Templeton, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the global bond market selloff and her out look for the Federal Reserve's September meeting.
US President Donald Trump said he won't try to revive a lapsed ceasefire deal with Iran, which gave the parties a 60-day window to negotiate a lasting peace deal. Col. Wayne Sanders (Ret.) of Bloomberg Intelligence examines what comes next after the expiry of the memorandum of understanding and with the Middle East conflict and control of the Strait of Hormuz stuck in limbo.
Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says bonds are not working as a hedge as yields on 30-year US Treasuries rose to the highest since 2007 this week. He talks about the factors he sees driving long-dated bonds and why he doesn't see $100 oil derailing the US economic expansion.
Home Depot's results beat estimates in the second quarter, as comparable sales, which measure results at stores open for at least a year, rose 1.7%, while adjusted earnings also surpassed expectations. Lindsay Dutch of Bloomberg Intelligence has more on Bloomberg Television.
Meta is headed to federal court in California Tuesday to face a coalition of 29 state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. Balázs Penz reports on Bloomberg Television.
Yields on 30-year US Treasuries rose to the highest since 2007 this week, while French borrowing costs hit the loftiest since 2008 and their German peers traded at 2011 levels. While domestic factors have a role in each market, the structural forces driving up yields are global in nature, as Bloomberg's Ven Ram explains.
