Bloomberg Daybreak: Asia Edition Stocks Dip Lower in Runup to US Jobs Data
10 snips
Dec 16, 2025 Isaac Poole, Chief Investment Officer at Ascalon Capital, shares insights on the cautious market climate ahead of key US economic data and emphasizes the need for earnings re-acceleration before buying dips. He warns of sticky inflation pushing long-term yields higher. Greg Halter, Director of Research at Carnegie Investment Counsel, assesses the recent selloff in tech stocks, particularly Broadcom, and explores opportunities in banking despite risks from stablecoins. Both guests highlight a preference for US investments amid sector rotation trends.
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Labor Market Data Is A Make-Or-Break Moment
- US employment data this week will reveal how quickly the labor market is slowing.
- Isaac Poole warns weaker-than-expected jobs could setback equities that price in reacceleration.
Don't Chase Dips; Be Cautious
- Avoid chasing market dips given stretched valuations across equity markets.
- Isaac Poole recommends staying cautious and favoring lower-beta exposure for resilience.
Prioritize Quality In Fixed Income
- Move up quality within fixed income and prefer investment-grade credit over high-yield.
- Keep short spread duration and stay short duration on govies to guard against curve steepening.