Mark Cudmore, Bloomberg's Markets Live Executive Editor, has turned outright bearish on stocks for the first time this year. He believes the AI bubble is fully priced, while the real economy is being damaged by the Iran war and supply chain disruption. He warns that a 10-15% stock market drop could trigger a negative spiral.
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explicit
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Bloomberg
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Financial Media
Mark Cudmore 7.5
Financial Media
Mark Cudmore 7.5
5/28/2026 10:34:44 AM
ndx
I've actually just turned outright bearish for the first time I think this year... I just think that everything positive possible on the AI side is way more than fully priced.
rut
Cudmore's bearish view on the overall stock market and the economy would apply to small caps as well, as they are more sensitive to economic slowdown.
wti
Cudmore mentions the war and supply chain disruption as key factors. Oil prices are mentioned as climbing closer to triple digits in the news segment, and Cudmore says the war is not being properly priced, implying further upside.
yields
The steepening we've seen in the curve has already performed some tightening... the supply chain disruption and the energy shock that feeding through into yields and inflation is already a tightening in the economies.
Tira Adio discusses the latest football benchmark rankings showing Arsenal's value surged 23% to 4.9 billion euros after winning the Premier League. Real Madrid remains the most valuable club in Europe, while Manchester United has fallen outside the top three for the first time since 2016.
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NDX
RUT
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Bloomberg
5.5
Financial Media
Tira Adio 4.0
Financial Media
Tira Adio 4.0
5/28/2026 10:34:44 AM