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Rising yields are quietly crashing the stock market’s earlier winners of 20260:43 Surging Treasury yields have begun to hammer parts of the stock market that might easily be overlooked, especially with the spotlight once again shining brightly on a small group of glamorous tech companies. Higher yields are taking their toll on all areas of the stock market, except the one that matters23:07 Technology is the only one of the S&P 500’s 11 sectors that gained since Sept. 1, as Treasury yields have climbed to multi-decade highs. Microsoft and Nvidia are teaming up on a supercharged AI laptop21:30 Powered by Nvidia’s RTX Spark chip, the latest Windows laptop is designed to run AI models and workloads directly on the device. Stocks are increasingly their own best hedge. This chart shows why.20:58 For decades, investors concerned about stocks sought succor in the bond market. But these days, the best shield against an outbreak of volatility might just be owning other stocks. SpaceX may chase ‘stunning’ AI returns by taking on a lot of debt to buy Nvidia chips20:26 A report says SpaceX is considering raising $40 billion to finance the purchase of advanced graphic processing units and related systems. Fed’s minutes show no appetite for a series of interest-rate hikes20:26 Last month’s rate hike was viewed by many officials as needed just in case inflation remains sticky. Washington and Wall Street chose to delay paying their bills — and to put them on your tab19:54 The polite word for what the government and Wall Street are doing is deferring payment, like opening a tab at a bar that somebody else will pay later. |