Latest / Rigatoni Capital Podcast
Buckle Up for a Shaky September as the 10-Year Nears 5%
Yields down a touch this morning, but yes, a ten-year pushing toward 5% tends to rattle folks, though history says buyers have often stepped in there like in 2023. September odds of a rate hike are now at 65%, and I explain why this shaky, headline-heavy month is textbook seasonality.
On earnings, Dell steals the show last night with a very impressive quarter, booking a record $60.9 billion in AI server orders, a record $95 billion backlog, and raising full-year revenue to $192 billion. This is when the stock, I would argue, was trading at reasonable multiples. Software got a rougher…
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