David Bianco, CIO at DWS, views the Middle East conflict as inflationary and expensive, but remains overweight tech due to strong earnings and return on capital. He is skeptical of a quick resolution and sees tech as resilient to higher rates, while other market segments face PE compression risk.
implicit
explicit
RUT
implicit
Metals
USD
DWS
7.8
Asset Manager $900.00B
David Bianco 9.5
Asset Manager $900.00B
David Bianco 9.5
6/2/2026 12:26:51 AM
ndx
We are moderately overweight tech and communications... Tech is the most resilient part of the equity market to higher interest rates.
wti
Geopolitical announcements move oil prices, but a quick resolution is viewed with skepticism. The conflict is expensive and inflationary.
yields
Conflict is inflationary, and the bond market may be losing patience. Other market segments with high PE multiples are at risk if yields go higher.
Ian King explains Nvidia's new RTX Spark super chip for PCs, using ARM architecture to challenge Intel's dominance. The move aims to make AI pervasive in consumer devices. ARM benefits from licensing, while Intel faces competitive pressure but could gain as a foundry partner.
Yields
implicit
RUT
Oil
Metals
USD
Bloomberg
5.5
Financial Media
Ian King 4.0
Financial Media
Ian King 4.0
6/2/2026 12:26:51 AM
ndx
Nvidia's new chip and AI PC push are positive for the tech sector, with Nvidia and ARM shares rising significantly on the news.
Andrew Groves sees copper demand exceeding supply due to underinvestment in mining and declining grades in South America. AI data centers are a major demand driver. He is bullish on the DRC for high-grade copper, predicting prices could reach $15,000/ton.
Yields
NDX
RUT
Oil
explicit
USD
Copper Giant
1.0
Other
Andrew Groves 6.0
Other
Andrew Groves 6.0
6/2/2026 12:26:51 AM
metals
Demand exceeds supply... I see the banks targeting 13,800 at the end. My own prediction would be more on 15,000.