Bloomberg Surveillance · Monday, July 27, 2026
Emily Rowland highlights that the US economy is performing strongly due to massive spending on technology, particularly AI, and a 'fiscal sugar rush' from initiatives like the 'One Big Beautiful Bill.' This has led to strong earnings growth and a resilient market, but she warns of a potential hangover from this stimulus.
“Right yep, there's been massive spend on technology. We're also seeing a bit of a fiscal sugar rush hitting the economy right now.”
“You've got the consumer holding in while you've got this onslought of on shoring activity helping fuel this manufacturing renaissance in the United States.”
“The biggest challenges is there a potential hangover from this fiscal sugar rush as we head into the back half of the year, which would put the FED potentially off sides as being a bit more hawkish here than expected.”