Bloomberg Surveillance CPI in Focus as US-Iran Peace Talks Near
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Apr 10, 2026 
Walter Todd, President and CIO at Greenwood Capital, offers wealth management and portfolio strategy perspective. Andrew Gilbert, Partner at Energy Capital Partners, breaks down electricity, data center demand, and power economics. Katy Kaminski, Chief Research Strategist at AlphaSimplex, focuses on trend-based quantitative allocation and commodities. They discuss inflation drivers from energy, electricity costs for AI/data centers, trend-based positioning, and portfolio rebalancing.
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Use High Quality Bonds As Geopolitical Hedge
- Hold high-quality bonds as a hedge against a prolonged energy shock that could raise global recession risk.
- Tiffany Wilding explains bonds may outperform if the conflict worsens, while resolution would allow the Fed to cut later.
Futures Curve Suggests Energy Inflation Could Reverse
- Energy futures curve implies peak then decline so year-on-year energy inflation could fall below 2% later.
- Wilding notes markets still price longer-dated energy roughly 20% above previous levels, so timing depends on futures curve moves.
Consumer Resilience Is K Shaped Around Energy Pain
- U.S. consumer resilience is uneven: lower-income households are squeezed while middle/high-income households have wealth buffers.
- Wilding warns higher gasoline costs will press weaker households, but savings and wealth may let others smooth spending.