The September jobs report came in weaker than expected, but markets rallied as investors bet the softer labor data could give the Fed room to pause on another rate hike.

Mike Armstrong and Marc Fandetti break down the latest jobs report, why payroll growth slowed, why unemployment ticked higher, and how markets reacted to the possibility of less aggressive Fed tightening. They also discuss whether the data raises stagflation concerns, why inflation and energy prices remain the biggest risks for the economy, how government debt is fueling pressure in global bond markets, and why oil prices are still unlikely to return to pre-war levels even as more supply moves through the Strait of Hormuz.

Oil is moving out of the Middle East again, but markets are still pricing in major risk as shipping costs surge, strategic reserves run low, and the conflict with Iran shows little sign of resolution.

Mike Armstrong and Paul Lane discuss why oil prices remain elevated even as energy flows through the Strait of Hormuz improve, how diesel prices and shipping costs are feeding inflation concerns, and why the AI trade continues to dominate the U.S. economy despite higher interest rates. They also break down the latest AI safety debate, OpenAI’s copyright fight with publishers, why bonds have struggled for investors, how high mortgage rates are changing the homebuyer playbook, and what remote work is doing to downtown real estate.

Interest rates are once again the biggest story in markets as the 10-year Treasury climbs to levels not seen since the early 2000s, putting pressure on bonds, mortgages, and nearly every corner of the economy.

Mike Armstrong and Paul Lane discuss why the 10-year Treasury matters so much, how higher rates are affecting mortgage costs and balanced portfolios, and why AI-linked technology companies continue to hold up while most other sectors struggle. They also break down September’s rough market performance, why tech now makes up a record share of the S&P 500, what tomorrow’s jobs report could mean for the Fed, why gasoline prices still shape consumer sentiment, and how Micron’s explosive earnings show the scale of the AI data center boom.

Stocks are rallying after a softer inflation report and stronger GDP revision, but the market’s strength still depends heavily on whether the AI boom can keep delivering.

Paul Lane and Marc Fandetti discuss why stocks may look cheaper on forward earnings but more expensive when using longer-term valuation measures, and how much of the market’s expected profit growth depends on AI data center spending. They also break down Micron’s role in the AI chip supply chain, President Trump’s meeting with AI safety leaders, OpenAI’s security concerns, private investments entering 401(k) plans, and whether AI agents could disrupt banks by helping customers move deposits into higher-yielding accounts.

The Fed’s preferred inflation measure came in lighter than expected, but the broader economic picture still points to sticky price pressure and a growing debate over whether another rate hike is needed.

Paul Lane and Marc Fandetti break down the latest core PCE inflation report, why revisions helped soften the headline number, and what the data could mean for the Fed’s next move. They also discuss stronger GDP revisions, John Williams’ comments on interest rates, why high earners say they are living paycheck to paycheck, the widening gap between the rich and the ultra-rich, rising mortgage rates, record home equity, and why several major IPOs are being delayed despite a strong year for markets.

Interest rates are still climbing, mortgage rates have crossed 7.5%, and the labor market remains tight despite signs that some workers are struggling to find new jobs.

Mike Armstrong and Paul Lane discuss why the bond market remains under pressure, how the AI buildout is keeping parts of the economy running hot, and why higher rates are hitting housing and traditional businesses harder than data centers and chipmakers. They also break down long-term unemployment, McKinsey’s warning that AI could force millions of workers into new roles, IRA mistakes that can be difficult to undo, Vail’s weak ski pass sales, falling birth rates, and the privacy trade-offs behind Meta’s Muse AI agent.

Bond yields remain the market’s biggest focus as investors weigh higher borrowing costs, a busy jobs week, and the next wave of AI spending.

Mike Armstrong and Paul Lane discuss why the 10-year Treasury yield is drawing so much attention, how higher rates could affect housing and the coming AI CapEx cycle, and why the latest consumer confidence and job openings data point to a tight but slower labor market. They also break down OpenAI’s decision to scrap a new model over safety concerns, what Anthropic’s delayed IPO could reveal about the AI business model, why Oura postponed its IPO, and how Middle East oil flows and the auto industry are adjusting to a changing global market.

Treasury yields are spiking again, and the pressure is starting to reach beyond mortgages and stocks into the massive borrowing needs behind the AI buildout.

Mike Armstrong and Marc Fandetti discuss why the 10-year Treasury yield is climbing, why sharp moves in the bond market can expose problems for overleveraged investors, and how higher borrowing costs could challenge AI hyperscalers as their spending commitments begin to exceed operating cash flow. They also break down NVIDIA’s new AI safety system, growing local resistance to data centers, how to spot when the AI boom may be losing momentum, and why seniors renting, college demographics, and foreign automakers competing in the U.S. all reveal bigger economic shifts.

Stocks are selling off, oil prices are rising, and Treasury yields are climbing again as investors brace for a busy week of jobs and inflation data.

Mike Armstrong and Marc Fandetti discuss why the 10-year Treasury has become the most important price point in markets, what rising real rates may be signaling about inflation, AI investment, and the Middle East, and why stocks have held up better than expected despite the bond market pressure. They also break down why yield curve inversion fears may be premature, how oil and bond markets are reacting to geopolitical risk, what came out of the latest U.S.-China meeting, and what this week’s inflation and jobs reports could mean for the Fed’s next move.