Bloomberg Surveillance Tech Leads Charge Ahead of FOMC Meeting
10 snips
Jan 27, 2026 Kit Juckes, Societe Générale FX strategist on Japan, intervention and dollar trends. George Catrambone, DWS fixed-income head on jumbo tech bond deals, muni opportunities and carry strategies. Cameron Dawson, NewEdge CIO on lofty 2026 earnings forecasts, retail vs institutional positioning and big tech’s capex and AI spending.
AI Snips
Chapters
Transcript
Episode notes
Retail All-In While Institutions Sit Out
- Institutional and discretionary investors show little exuberance while retail is heavily exposed to equities and margin.
- This divergence helps explain muted overall market sentiment despite retail enthusiasm.
Earnings Matching Expectations, Not Surprising
- Early earnings show growth around 8.2%, essentially matching expectations rather than exceeding them.
- That parity explains why market reactions are more muted compared with prior quarters of large beats.
Mega Cap Techs Drive Index Outcomes
- Mega-cap tech names carry huge index weights so their top-line trends matter disproportionately.
- Their core business performance determines whether they can sustain large AI investments without hurting fundamentals.