Bloomberg Surveillance Stocks Hit Highs as ‘Santa Rally’ Countdown Begins
13 snips
Dec 26, 2025 
David Sherman, CIO at CrossingBridge Advisors, dives into credit opportunities outside the U.S. and the appeal of debtor-in-possession financing heading into 2026. Bill Adams, Chief Economist at Comerica Bank, predicts solid economic growth and the Fed’s potential support through rate cuts, despite a soft Q4. Scott Sperling, CEO of THL Partners, discusses the uptick in M&A activity, extended hold periods in private equity, and sectors to watch like pharma services and AI. It's a forward-looking conversation on markets and economics!
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Split Credit Allocations: Core And Opportunistic
- Allocate core holdings to high-quality, liquid credit and reserve capital for opportunistic, higher-yield positions.
- Focus the opportunistic sleeve primarily on non-U.S. markets where structural dislocations exist.
Rate Cuts Likely Amid Housing Concerns
- Sherman expects political pressure for lower short-term rates and anticipates rate cuts.
- He flags housing affordability as a policy challenge that could drive coordination between Treasury and the Fed.
Shutdown Weighs On Q4; 2026 May Broaden Growth
- Bill Adams expects a softer Q4 GDP after the government shutdown but forecasts 2026 broadening growth.
- He believes Fed rate cuts will support housing recovery and related industries.
