Morning Call 10/16/26
Summary
Morgan Brennan opens the show by analyzing a volatile week marked by a rotation from tech to value stocks, with the Dow posting its best week since August while the Nasdaq lags. The segment features Fed Chair Kevin Warsh’s comments on holding rates and the market’s reaction to hot inflation data, alongside a discussion on the "neocloud" credit crisis and CoreWeave’s distressed CDS yields. Guests include Peter Scheer, who explains the inverse relationship between AI compute spending and Treasury yields, and Teague Egan of EnergyX, who details a new $2 billion lithium deal. The episode also c…
Topics discussed
Sponsor: Edward Jones
Market Open: Futures, Yields, and Neocloud Pressure
Global Markets: Europe, Asia, and Crypto Leverage
Fed Chair Warsh: Data-Driven Approach and Inflation
AI Spend, Credit Markets, and Treasury Rally
High-Frequency Data, Diesel Prices, and Credit Spreads
Upcoming Segments: Tesla, Apple, and Fast Food
Sponsors: Capella University and Rho
Blue Origin: Infrastructure Expansion and Funding
Tesla Roadster Unveiling and SpaceX Integration
Lithium Prices and EnergyX Supply Chain Interview
Sponsors: Acura and Rho
Apple Vision Pro, Varonis Deal, and Alcoa Data Centers
Market Recap: Fed Odds, Anthropic Valuation, and Defense
Defense Tech: AUSA Conference, Counter-Drone, and IPOs
IPO Market Outlook and Semiconductor ETF Performance
Panel Discussion: Anthropic, Rotation, Earnings, and Strategy
Sponsor: ZepBound
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