Camporeale believes peak rates and inflation are behind us, supported by falling oil/gas prices and a stable 10-year yield. He favors the AI trade (semiconductor demand far outstrips supply) and sees a relative value opportunity in financials (negative YTD) driven by earnings inflection, buybacks, and potential loan growth from a resilient consumer. He recommends moving out of cash into short-duration credit.
explicit
explicit
implicit
Metals
USD
JPMorgan
9.2
Investment Bank $3170.00B
Phil Camporeale 9.0
Investment Bank $3170.00B
Phil Camporeale 9.0
6/23/2026 8:22:04 PM
ndx
We still believe in the AI trade... 30% increase in supply for semiconductor chips and a 70% increase in demand... those earnings we think are sustainable
| 5/12/2026 2:35:01 PM | medium term up | 20 days later | +4.41% | +4.41% |
| 12/10/2025 9:48:13 PM | short term up | 5 days later | -2.16% | -2.16% |
| 11/18/2025 7:37:06 PM | short term cautious down | 5 days later | +0.95% | -0.47% |
| 9/30/2025 3:03:56 PM | medium term up | 20 days later | +1.32% | +1.32% |
| 8/28/2025 10:33:52 PM | short term up | 5 days later | -+0.00% | -+0.00% |
| 8/5/2025 6:19:07 PM | short term up | 5 days later | +0.91% | +0.91% |
rut
He sees a relative value opportunity in financials (negative YTD) driven by loan growth from a resilient consumer, which would benefit the more domestically-focused Russell 2000.
wti
Camporeale cites falling oil prices (from $100 to $75) as a key reason for believing peak inflation is behind us, implying a continued downward or stable trajectory.
yields
The 10-year note probably settles at the end of the year around 4 and a half to 4.6%
| 5/21/2026 10:34:29 AM | medium term up | 20 days later | -2.08% | -2.08% |
| 5/21/2026 9:17:57 AM | short term up | 5 days later | -1.69% | -1.69% |
| 5/16/2026 12:08:42 AM | short term up | 6 days later | -1.41% | -1.41% |
| 5/16/2026 12:06:16 AM | short term up | 6 days later | -1.41% | -1.41% |
| 5/13/2026 10:40:42 AM | medium term up | 20 days later | +0.67% | +0.67% |
| 5/12/2026 2:35:01 PM | short term up | 5 days later | +3.17% | +3.17% |
| 4/30/2026 2:45:27 AM | short term up | 5 days later | -0.50% | -0.50% |
| 3/5/2026 1:17:37 AM | short term cautious up | 5 days later | +1.81% | +0.91% |
| 2/6/2026 5:06:02 PM | medium term cautious down | 21 days later | -3.57% | +1.79% |
| 1/23/2026 5:36:13 AM | medium term up | 21 days later | -3.73% | -3.73% |
| 12/11/2025 1:18:26 AM | short term down | 5 days later | -1.03% | +1.03% |
| 11/7/2025 6:12:18 PM | medium term cautious down | 21 days later | -0.34% | +0.17% |
| 10/30/2025 1:40:41 PM | medium term cautious up | 20 days later | +0.12% | +0.06% |
| 10/16/2025 5:42:00 PM | medium term cautious up | 20 days later | +2.15% | +1.07% |
| 9/22/2025 5:25:48 PM | medium term up | 20 days later | -1.67% | -1.67% |
| 9/17/2025 6:49:25 PM | medium term cautious down | 20 days later | +0.61% | -0.30% |
| 9/11/2025 11:57:02 PM | medium term cautious up | 20 days later | +0.66% | +0.33% |
