Bloomberg Daybreak: Asia Edition Iran De-Escalation Hopes, Philippine President on China, Energy
4 snips
Mar 25, 2026 
Ferdinand Marcos Jr., President of the Philippines, briefly on energy shortages, the peso, and possible talks with China over South China Sea resources. Todd Jablonski, CIO at Principal Asset Management, gives market and asset-allocation views amid oil-driven market moves. They discuss oil, equities, risk positioning, regional opportunities, and geopolitical effects on growth.
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Markets See Relief As Oil Falls
- Markets treated oil's fall as a relief rally signaling reduced geopolitical risk.
- Todd Jablonski noted risk premia were already high and oil above $120 threatened growth, so today's moves show confidence an end to high energy prices is in sight.
Underlying Growth May Absorb Oil Shock
- Short-lived spikes in oil are unlikely to derail global growth given underlying momentum.
- Jablonski highlighted 2026 forecasts: US ~2.5% growth and worldwide ~7% revenue growth with ~14% earnings growth supporting risk-on positioning.
Portfolio Tilts For A Geopolitical Rebound
- Tilt portfolios toward equities and select credit while keeping some hedges.
- Jablonski recommended overweight U.S. large and small caps, opportunities in China/Korea/Latin America, short-end credit and some long 30-year Treasuries as protection.