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How AI Went From Tailwind To Headwind For Stocks
Earlier this week, I mentioned that forecasts for hyper-scaler capex in 2026 are up more than $20 bi
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Re your last paragraph, it’s interesting (semper idem) the correlation in the last year between SPX drawdown and the ICE (not that one) BoA high yield index OAS and whether the widening is a reactive or proactive reaction to tech CAPEX but anymore big tech announcements of CAPEX spending is going to have an outsized reaction in SPX. IMHO