Bloomberg Surveillance The Outlook for a Kevin Warsh-Led Fed
14 snips
Feb 6, 2026 
Priya Misra, Core Plus Bond ETF manager at J.P. Morgan, on credit positioning and yield-curve signals. Sean Simonds, UBS equity strategist, on earnings breadth, sector rotations and AI capex worries. Claudia Sahm, Chief Economist at New Century Advisors and former Fed researcher, on labor market quirks and reactions to a Kevin Warsh-led Fed. Short, topical conversations about markets, policy and risk.
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Quant Program Grind Shapes Career
- Sean Simonds recalls surviving Baruch's intense Quant program as a formative experience.
- He says the grind prepared him for hard work in markets and quantitative research.
Earnings Breadth Supports Markets
- Earnings breadth is improving: median stocks often outperformed aggregate indices during reporting.
- Sean Simonds sees this breadth as supportive of market quality themes beyond mega-cap tech leadership.
Watch High-Yield As A Risk Signal
- High-yield credit remains a key risk signal for equities through spreads and tail events.
- Sean Simonds flags rising HY stress as a major shadow risk that his models track for equity vulnerability.