Weekly Roundup: The AI Trade Got Smacked. We’re Following the Data, Not the Fear
We put capital to work in two holdings, exited another and bumped up our price target for a long-time position.
Fed’s Beige Book Sees Inflation Pressures Rise But Growth Moderates
The October edition provides hawks a lot more to work with than August did.
The Gap Under the Market May Finally Be Starting to Close
A warning about AI growth may be the news needed for better action in the broader market.
OpenAI Revenue Report Sinks AI, but the Rest of the Market Holds Up
An FT report that OpenAI’s revenue is running notably below earlier estimates sent AI shares sharply lower, but beneath the surface most stocks held up as Treasury yields eased and President Trump said the U.S. won’t attack Iran before the midterms.
The Fed Isn’t in a Hurry to Hike, but It Isn’t Done Either
Fed Governor Waller signals more rate hikes, oil jumps and junk bonds flash a warning.
When Will the Key Stocks Start Caring About Bonds?
New lows topped 900 Thursday. That’s a lot. Plus, if my mother calls about interest rates, we’ll have a trifecta.
Interest Rate Worries Trap Bulls and Gain Momentum
Numbers are pointing in the same direction, and it is the wrong one for stocks.
Anatomy of a Bond Market Selloff
Let’s break down what’s happening with bonds and how things unfolded Wednesday. Plus, two items from the ‘What the Heck’ department.
Rotational Pressure Prevents Breakout Momentum From Developing
Fallout from Meta’s Muse is hitting the financial sector.