June Beloo, co-founder and lead portfolio manager at 10CAP, discusses market resilience despite geopolitical tensions, expecting a risk rally if oil prices fall. She highlights inflationary pressures from AI infrastructure investment and prefers 'picks and shovels' plays in the AI supply chain, particularly in Australian mining and engineering. She sees China's consumer sector stabilizing but remains cautious on global consumer spending due to inflation.
Yields
implicit
RUT
implicit
explicit
USD
10CAP
2.5
Other
June Beloo 7.5
Other
June Beloo 7.5
6/1/2026 5:29:50 AM
metals
We see a lot of them right so we see all the mineral whether it's coppers aluminium and then the whole whole supply chain... we do think that's the next wave of growth
ndx
Beloo is positive on AI thematic and 'picks and shovels' plays, but notes risk of lower returns for AI leaders over the longer period, suggesting cautious upward view for the broader tech index.
wti
Beloo states that if a resolution is reached, oil prices will fall, but she personally believes oil might remain elevated due to backlog and persistent price pressures, implying a cautious downward view in the short term.
Philippines Defense Secretary Gilberto Teodoro discusses the need for deterrence against China's expansionism in the West Philippine Sea, emphasizing alliances with Australia, New Zealand, and Japan. He states the Philippines will secure its sovereignty and territorial integrity, plan for contingencies regarding 200,000 Filipinos in Taiwan, and engage in intelligence sharing with Japan for operational security.
Yields
NDX
RUT
Oil
Metals
USD
Philippines Department of National Defense
2.5
Government Agency
Gilberto Teodoro 7.0
Government Agency
Gilberto Teodoro 7.0
6/1/2026 5:29:50 AM