More opportunities. Not more impulsive trades.
• The 10Y touching 5.36% intraday, a level not seen since 2002, is the signal I'm watching.
👉 S&P 500 around 7,802 gave back part of the record, and higher yields are forcing growth multiples to reprice.
✔ Then comes the more interesting part: SpaceX reportedly discussing ~$40B of financing for Nvidia AI chips. Nothing is signed, but credit is already reacting: $SPCXB 5Y CDS near 198 bps, while the 2056 bond trades around 85 cents.
For me, that's the real takeaway:
AI demand can stay strong while the cost of financing becomes the risk.
That's why $NVDA remains the liquid proxy I'd watch — but I wouldn't chase the headline. I'd watch yields, credit spreads and price structure first.
• The 10Y touching 5.36% intraday, a level not seen since 2002, is the signal I'm watching.
👉 S&P 500 around 7,802 gave back part of the record, and higher yields are forcing growth multiples to reprice.
✔ Then comes the more interesting part: SpaceX reportedly discussing ~$40B of financing for Nvidia AI chips. Nothing is signed, but credit is already reacting: $SPCXB 5Y CDS near 198 bps, while the 2056 bond trades around 85 cents.
For me, that's the real takeaway:
AI demand can stay strong while the cost of financing becomes the risk.
That's why $NVDA remains the liquid proxy I'd watch — but I wouldn't chase the headline. I'd watch yields, credit spreads and price structure first.