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Bond Yields, Jobs Data, and AI’s Big Money Question
Global bond yields are rising, stocks are under pressure, and the latest jobs data is giving the Fed more to consider ahead of its September meeting.
Mike Armstrong and Marc Fandetti discuss why long term rates are moving higher around the world, what a new rate regime could mean for borrowers, stocks, and governments, and why the JOLTS report keeps the labor market picture mostly steady. They also break down the biggest unanswered question in AI, whether the massive CapEx boom can eventually produce enough revenue, and why private market investments tied to companies like SpaceX are drawing…
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