Bloomberg Surveillance Bloomberg Surveillance TV: November 11th, 2025
19 snips
Nov 11, 2025 
Omar Aguilar, CEO & CIO at Schwab Asset Management, highlights the need to trim momentum stock exposure amidst inflation uncertainty. Henrietta Treyz, Director of Economic Policy Research at Veda Partners, analyzes the political landscape post-shutdown, discussing voter concerns and midterm implications. Dan Skelly from Morgan Stanley shares insights on market valuations and the healthy rotation in stocks. Finally, Venu Krishna, Head of US Equity Strategy at Barclays, presents an optimistic year-end target for the S&P 500, fueled by AI advancements and improving earnings.
AI Snips
Chapters
Transcript
Episode notes
Use Volatility To Rebalance
- Use volatility to rebalance and reduce concentration in momentum-heavy portfolios.
- Shift toward a barbell of cyclical opportunities and defensive, high-quality earnings names.
Market Leadership Is Highly Concentrated
- Only 17% of S&P 500 stocks have outperformed the index this year, showing extreme concentration.
- That concentration raises the risk that momentum trades can unwind quickly.
Redefine Defensive As Earnings Stability
- Favor companies with stable, sustainable earnings and strong profit margins as defensive holdings.
- Prioritize quality names over classic staples or utilities for true earnings stability.