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This is the Bloomberg surveillance podcast. I'm Jonathan Ferro, along with Lisa Abramwitz and Anne-Marie Hordern. Join us each day for insight from the best in markets, economics and geopolitics. From our global headquarters in New York City, we are live on Bloomberg Television weekday mornings from 6 to 9 a.m. Eastern. Subscribe to the podcast on Apple, Spotify, or anywhere

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Stocks hovering at fresh records as investors await the first policy decision under a new regime.

Victoria Fernandez of cross-global

investments writing, we believe there is still room to run, even if we get higher rates, as long as

earnings and margins remain strong, the market can digest a rotation of leadership. Victoria joins us

now. Victoria, where else do you see this market having more room to run?

Yeah, well, I think when you look at the rotation that we've seen, we saw those high momentum,

those high beta names really come back over the last week.

And so other areas have started to pick up a little bit.

You saw it in some transportation.

You saw it in health care.

You saw it in some energy names. Obviously, we've seen energy names come back a little bit. You saw it in some transportation. You saw it in health care. You saw it in some

energy names. Obviously, we've seen energy names come back a little bit based on the information of the last

few days, but it's still not in an oversold position. I think at this point in time, what you're

...