Bloomberg Surveillance AI Optimism Kicks Off New Year
7 snips
Jan 2, 2026 Bret Kenwell, an investment strategist at eToro, emphasizes how a supportive Fed and AI-driven earnings can bolster U.S. equities this year. Russell Price, Chief Economist at Ameriprise Financial, highlights the labor market as a key risk and anticipates three Fed rate cuts will stabilize growth. Adam Turnquist from LPL Financial discusses a potential commodities supercycle and the impacts of geopolitical issues on precious metals and Bitcoin. Lastly, Jack McIntyre explores the attractiveness of Latin American bonds amid a weaker dollar.
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Equities Backed By AI, Earnings, And A Supportive Fed
- US equities look set for another solid year driven by AI, accelerating earnings, and a non-hawkish Fed.
- Bret Kenwell says those catalysts still leave room for multiple expansion into 2026.
Sentiment Lags Market Momentum
- Investor and consumer sentiment remain subdued despite market optimism and GDP strength.
- Kenwell suggests lingering skepticism could actually support further gains as confidence revives later in the year.
Earnings Breadth Could Broaden Market Leadership
- Broadening participation may arrive as all 11 S&P sectors are forecast to post earnings growth next year.
- Kenwell argues current tech valuations don't yet show late-stage bubble behavior across the board.