Bloomberg Surveillance · Wednesday, August 12, 2026
Potential risks to the ongoing bull market include fluctuating oil prices, uncertainty surrounding the new Federal Reserve chair and inflation, and the historically bumpy season of midterm elections. Despite these factors, the primary trend is seen as supported by fundamentals, with earnings estimates continuing to rise.
“You know, oil prices bouncing around each and every day. We still have ncertainty around the new FED chair, and we often talked about how the new FED chair gets tested as in certainty around inflation.”
“We have the midterm elections. Historically, just seasonally, that tends to be you know, a bumpy a path overall.”
“But again, even though we think it's going to be a bumpy of path, we still think the destination is still higher based on the way of the evidence as far as an economy that still is relatively resilient even in the face of all these things I just discussed.”