Bloomberg Surveillance Bullish Calls for 2026 Emerge
36 snips
Dec 15, 2025 
Cameron Dawson, Chief Investment Officer at NewEdge Wealth, shares insights on bullish market sentiments for 2026, warning that valuations may already reflect strong outcomes. She emphasizes the need for broader earnings to ensure market rotation and suggests moving portfolios away from heavy tech exposure. Meanwhile, Campbell Harvey, a finance professor at Duke, highlights the strength of R&D investments and debates the store-of-value status between gold and Bitcoin, reframing AI spending away from 1999 bubble comparisons.
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Bonds As A Hedge, Not A Boon
- Fixed income may deliver mainly coupon returns if yields chop within a range.
- Bonds still act as a hedge if growth weakens and inflation stays in check.
Use Fear Metrics To Time Risk
- Measure market fear with breadth, new lows, and put-call ratios to avoid emotional mistakes.
- Use fear indicators to identify times when forward returns typically improve.
Mini Goldilocks Favors Risk Assets
- Invesco expects a mini Goldilocks in 2026: easing policy, fiscal expansion, and falling but elevated inflation.
- That mix should favor risk assets and broaden equity participation across regions and styles.
