Bloomberg Surveillance Stocks Get Tech Lift as US Yields Fall on Soft CPI
20 snips
Dec 18, 2025 
Stephanie Roth, Chief Economist at Wolfe Research, breaks down the surprising November CPI report, hinting that inflation may bounce back sooner than expected. Emily Rowland, Co-Chief Investment Strategist at Manulife/John Hancock, advocates for a bullish outlook on U.S. equities, driven by AI adoption and strong earnings. Dan Ives, Global Head of Tech Research at Wedbush, discusses the implications of the Trump Media-TAE fusion deal, emphasizing its potential to accelerate fusion technology and AI monetization.
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Labor Market Showing Hidden Strength
- The labor market is holding up and may be inflecting higher despite headline noise from government programs.
- Private payrolls show decent gains, suggesting underlying resilience that could keep the Fed on hold early next year.
Rotate Back Toward Quality And Income
- Participate in quality US stocks because profits drive long-term returns even after momentum-driven years.
- Lean into dividend growers and high-quality bonds as income becomes more attractive relative to low S&P yields.
Earnings Engine Keeps US Market Supported
- Valuations are elevated but US earnings momentum and macro tailwinds support further profit growth.
- Rowland highlights housing and labor cracks that could lower yields and tilt investors toward bonds.
