The Market Found Its Mascara, But The Bond Market Still Has Trust Issues
This week is all about the oil-to-inflation-to-rates pipeline. Oil cooled after the U.S.-Iran peace framework, stocks rallied, and everyone suddenly remembered how much lower energy prices can help the inflation story. But the Fed is not exactly handing out rate-cut roses yet. 🌹
Thursday is the big macro obstacle course: PCE, GDP, durable goods, jobless claims, personal income, and spending. For real estate and private credit, that means watch the 10-year Treasury and lender appetite. For AI infrastructure, the message is even louder: power is the trade. ⚡🏗️
Data centers are no longer just…
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