Bloomberg Surveillance Global Stocks Eye Records
23 snips
Dec 12, 2025 
Investment strategist Ross Mayfield discusses the importance of diversifying internationally, spotlighting earnings growth as a market driver. Priya Misra offers insights on justified credit spreads and the significance of sector analysis amidst rising debt in buyouts. Sameer Singh forecasts a busy M&A landscape, influenced by AI and strong exits. Meanwhile, columnist Lisa Mateo highlights intriguing trends, such as luxury buyers seeking fully furnished homes and Canada's plan for its US-made alcohol inventory.
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Rally Is Broadening Beyond Big Tech
- The 2025 rally broadened beyond big AI names into financials, healthcare, industrials and discretionary sectors.
- Ross Mayfield argues earnings growth and rate cuts support continued breadth into 2026.
Earnings Are Carrying The Market
- Earnings have carried the market after early multiple expansion, with expected 2026 earnings growth around 10–14%.
- Mayfield says fundamentals largely support current valuations, countering a pure bubble narrative.
Add International To Diversify Risk
- Consider rebalancing toward international equities to correct long-term home-country bias.
- Ross Mayfield recommends buying a broad international index like MSCI ACWI ex-US for simple exposure.