Bloomberg Surveillance · Wednesday, July 22, 2026
Max Kanner maintains an overweight position in stocks, favoring the equal-weight S&P 500 and Europe, while rotating out of emerging markets and Asia. He also suggests leaning into value stocks and European banks, and sees potential in Japanese banks despite recent dips.
“So are you just sitting on your hands, biting your nails and watching the earnings?”
“I mean, hopefully not biting my nails, But I'm waiting, and I'm still MAX overweight stocks.”
“So we're already been rotating out out of emergent market equity is in the last couple of weeks out of Asia, more into the likes of the mag seven, where again the earnings bar of bar to beat, both in terms of the numbers but also in terms of the narrative are solo. It's leaning into the equal weight A weighted s andp leaning into value more so down Jones, So a little bit still away from momentum. That also means Europe, It means European banks. It also means the dip that we've seen in Japan, particularly things like Japanese banks, that really doesn't make sense.”