Bloomberg Surveillance Stocks Bounce on Trump’s Iran Peace Push
14 snips
Mar 25, 2026 
Francois Trahan, BMO strategist focused on equities and cyclical rotation; Brian Belski, CEO/CIO specializing in equity strategy and portfolio construction; Tina Fordham, foreign policy analyst on Middle East dynamics; Richard Clarida, former Fed vice chair and macro policy expert. They discuss geopolitical risk from Iran, market and oil price reactions, sector rotation toward cyclicals and small caps, and the Fed’s near-term policy outlook.
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AI Won't Rapidly Replace Jobs In The Short Term
- Early AI effects on labor are limited because models still 'hallucinate' and broad productive deployment requires more capital spending.
- Clarida says AI adoption needs data centers and power, so near-term labor disruption is unlikely.
Iran Holds Unexpected Leverage After Strikes
- Iran currently wields more leverage than expected after recent events, complicating diplomatic options and raising geopolitical risk.
- Tina Fordham emphasizes weakened interlocutor cadres due to targeted killings and the difficulty of finding reliable Iranian counterparts.
Factor Political Fallout Into Energy Shocks
- Markets and policymakers should account for political fallout from energy shocks, not just inflation.
- Fordham cites 1973 oil shock precedent where incumbents lost re-election and warns of broad geopolitical knock-on effects.