Housing cracked under 5.1% Treasury yields: September starts fell 5.2% to 1.221M against a 1.30M consensus and pending sales plunged 7.3%. A Reuters poll now has nearly all economists expecting a December Fed hike. Healthcare led a rotation out of tech, lifting the Dow 1.02% to its highest close since September 11, while Brent reversed from a $111.99 intraday high. Anthropic’s draft IPO filing showed $16.3B first-half revenue and ~$450B of cloud commitments. Salesforce agreed to buy Braze; BRZE +51.7%.
Tag Archives | Anthropic
MIB Daily: Housing Breaks Under 5.1% Yields Yet a December Hike Is Now Consensus, Nvidia Can’t Promise Supply on $35B of China Orders, Brent’s Floor Rises and Healthcare Lifts the Dow as Chips Slide
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MIB Daily: Wall Street Bought AI Again but Bonds Didn’t, Amazon Jumped 4.98% While a 5.145% 10-Year Sank Housing, REITs and Utilities, as Gulf Risk Builds Ahead of Meta’s Capex Test
Amazon jumped 4.98% after Morgan Stanley named it a Top Pick, and the SMH chip ETF snapped a nine-session slide as the Nasdaq 100 rose 1.17%. Only three of 11 sectors gained: the 10-year yield climbed 5.5 bps to 5.145% and utilities fell 1.86%. Builder confidence hit a 14-year low. Trump waived the Graham Act’s Russia tariffs, and Houthis claimed unverified strikes on Aramco’s Yanbu site. Anthropic is reportedly in talks for about $45 billion more Nscale compute.
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MIB Weekly: The AI Trade Hit Its Credit Limit, Nasdaq 100 -5.49% as CoreWeave Debt Broke 15%, Treasuries Rallied Through Hot CPI, Staples and $100 Oil Led, Can Meta’s Capex Stop the Unwind?
An AI-financing scare split the market this week: CoreWeave’s bonds topped a 15% yield, the chip index fell eight straight sessions and the Nasdaq 100 dropped 5.49% while the Dow rose 0.67%. Dell (-22.92%) led the losers as money rotated into Walmart, Coca-Cola and Eli Lilly. Gulf attacks sent WTI up 11.08% to $101.64, and hot CPI and PPI did not stop the 10-year yield falling 15.4 bps.
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MIB Daily: The AI Trade Now Has a Credit Problem, CoreWeave Bonds Top 15% as Money Flees Tech for Energy and Staples, and $110 Brent With 8.1% Import Inflation Leaves the Fed No Easy Out
AI-financing fears sent the Nasdaq 100 down 2.50% to its lowest close since September 16 as CoreWeave sank 12% and the chip index fell for an eighth straight session, its longest streak since 2008. Software followed: PANW -7.63%, PLTR -7.22%, CRWD -7.02%. Brent touched $110 after a missile was intercepted near Saudi Arabia’s Yanbu hub. Import prices rose 1.1% in September, an 8.1% annual pace. Warsh gave no October signal and hold odds rose to 85.1%; the VIX jumped 21%.
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MIB Daily: The Hottest PPI Since 2022 Sent the 10-Year Down 10 bps, Small Caps Rallied as Chips Neared a $2 Trillion Rout, and Diesel Keeps Inflation Hot Into Warsh’s Last Word
Producer prices jumped 1.3% in September, the hottest monthly print since March 2022, yet the 10-year yield fell 10.2 bps to 5.084%. The Dow gained 1.08% to retake 52,000 as the Russell 2000 rose 1.38%, while chips extended a rout nearing $2 trillion since last week — DELL -6.80%. CoreWeave’s credit gauge hit record default odds before Nvidia’s Huang defended it. Retail sales beat, but the control group rose just 0.1%. WTI jumped 2.63% on an 8.6M-barrel crude draw.
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MIB Weekly: Hike Odds Collapsed and Yields Rose Anyway, a 5.34% 10-Year Sank Gold and Banks Despite Hormuz Strikes, as Chip Equipment Led and Anthropic’s $2T IPO Tested Who Funds AI
A global long-bond rout drove the week: the 10-year Treasury yield touched 5.34% Thursday, its highest since 2002, and finished 10.9 bps higher even as soft payrolls and a cooler PCE cut October Fed-hike odds to about 23%. Chip equipment carried the Nasdaq 100 to a record (AMAT +11.35%, LRCX +10.24%, KLAC +10.09%) while the S&P 500 and Dow fell. Gold lost 3.48% despite repeated Hormuz ship strikes.
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MIB Daily: Brent Tops $102 on China’s Fuel-Export Halt and the 10-Year Hits 5.34%, Long Yields Tighten for the Fed as Banks and Junk Credit Strain, and a $2 Trillion Anthropic IPO Tests AI Leadership
Brent jumped 4.3% to $102.22 as Chinese refiners suspended October fuel exports. The 10-year yield touched 5.34% intraday, its highest since 2002, then closed down 4.8 bps; UK 30-year gilts topped 6%. Fed Vice Chair Jefferson called energy “the predominant factor” in rising inflation as ISM’s prices gauge leapt to 77.9. Freddie Mac’s 30-year mortgage rate hit 7.28% and junk CDS widened to April levels. Anthropic eyes a November IPO at up to $2 trillion.
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MIB Weekly: The Economy Was Too Strong to Save the Bond Market, 10-Year at a 2007 High and October Odds Near 70%, Agents Priced by Usage, the Build-Out Short of Power, the Median Stock 18.6% Below
The 10-year Treasury closed Thursday at 5.225%, its highest since 2007, after a flash PMI at 58.4 and eight Fed speakers pushed October hike odds to roughly 70% — and yet the S&P 500 finished up 1.21%. That gain belonged to almost nobody: the Nasdaq 100 rose 3.25% on Meta (+12.90%), Qualcomm (+13.65%), Intel (+13.26%) and AMD (+12.65%), while the NYSE Composite and the Russell 2000 both fell. Oracle lost 7.12% on a force-majeure notice over its New Mexico data centre.
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MIB Daily: The Bond Market Is Doing the Fed’s Job, the 10-Year Hits 5.225% and the 7-Year Clears at a 1993 High as Brent Tops $107, and Only Meta Holds the Line While Utilities and Housing Pay
The 10-year jumped 10.9 bps to 5.225%, its highest since 2007, and the 7-year auction cleared at the highest yield since 1993. Brent surged 4.25% to $107.46 on an Iranian threat to widen the war and Houthi missiles aimed at Saudi Arabia’s Yanbu terminal. The Fed’s Williams called another hike by year-end “reasonable.” META +4.50% held the S&P 500 flat as eight of 11 sectors fell. Anthropic committed $11.6B to Akamai’s cloud. ORCL -3.47% on a Project Jupiter force-majeure notice.
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MIB Weekly: The Fed Hiked Into a Shock It Can’t Fix, the 10-Year Closed Above 5% and Diesel Hit a Record $6.45 as Banks and AI Borrowers Paid and Memory Makers Won, With a Second Hike in October Still Open
MIB WEEKLY DIGEST Week of Sep 14–18, 2026 The Federal Reserve raised rates for the first time since 2023 and signalled more, sending the 2-year yield up 12.4 bps and the 10-year to its first closes above 5% before a Friday retreat to 4.998%. The Nasdaq 100 (+0.94%) was the only major index higher as an AI-safety essay lifted CrowdStrike 14.95% on the week while chip equipment crashed and then recovered most of the loss. Bank of America’s fee warning […]
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MIB Daily: AI Safety Became a Capex Line Item, Lam -8.29% Against CrowdStrike +13.85%, and the Fed Meets Wednesday With the 10-Year at 4.999% and a $101.91 Barrel That Is a Refiner’s Margin and a Consumer’s Tax
Amodei’s weekend call to slow AI split the tape — Lam Research -8.29%, Applied Materials -7.07%, while CrowdStrike +13.85% and Palo Alto +13.09% led. Trump dismissed guardrails as a “SICK conspiracy.” Hormuz talks collapsed: WTI +1.86%, VIX +7.95%, diesel to an all-time $6.23. Wednesday’s hike is now near-unanimous, the 10-year closing at 4.999%. BofA guided banking fees down 10%; Altman ruled out a 2026 OpenAI IPO, knocking Goldman -3.96%. GE Vernova -8.62% on a street-low Sell.
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MIB Daily: Payrolls 162K Against 56K Bought a September Hike, the President Demanded Cuts Anyway, and Memory Rallied Regardless as Record $5.850 Diesel Leaves One CPI Print Deciding the Meeting
August payrolls tripled expectations at 162,000 and flipped September back to a coin-flip hike — implied odds 58-60%. The selloff was narrow: Netflix -5.35%, Palantir -4.49%, while memory ran hard (Sandisk +11.90%, Micron +6.10%). Tesla -5.92% as NHTSA opened an audit query into how it self-certified the Cybercab. FICO -16.68% after FHFA opened VantageScore to every GSE lender. Retail diesel set a record $5.850 a gallon, +57.6% year-on-year. Novartis’s Lp(a) drug failed after the close; Amgen and Ionis fell harder.
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MIB Daily: The Hedges Failed at the Moment of the Crisis, Gold -2.39% and Treasuries Sold Off as WTI Jumped 5.82% to $90.75, Debt-Financed AI Lost 5-7%, and Soft JOLTS Left Hike Odds at 66% Into Friday’s Payrolls
US forces struck IRGC targets inside Iran; WTI jumped 5.82% to $90.75 and Energy was the only green sector of note. The 10-Year hit a one-year high of 4.799% and gutted software — Oracle -5.23%, CrowdStrike -6.90%. Soft JOLTS and a cooling ISM left September hike odds at 66%. Gold fell 2.39%; the safe-haven bid never came. Anthropic signed a $35 billion cloud deal with Nvidia-backed Lambda. A judge let the shale price-fixing case proceed against Exxon, EOG and Occidental.
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MIB Daily: September Prices a 38% Hike, Not a Cut, With the 2-Year at 4.209% and the 10-Year Up 1bp on 3.7% PCE, a 4.6% Atlanta Fed Nowcast Splits a 1.5% Q2, and Record $4 Gas Lands With Crude Lower Before Warsh
Markets barely moved on a hot headline PCE — but futures now price a September rate HIKE near 38%, not a cut. Meta paid $16.7bn and accepted a decade-long two-hour daily cap on teen accounts. America is heading for its first $4 Labor Day on record, and it’s a refining story, not a crude one. Boston Scientific’s cyberattack has stopped it shipping orders worldwide. Atlanta Fed’s Q3 nowcast turned back up to 4.6%. Warsh’s first Jackson Hole keynote lands Friday.
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MIB Daily: The Front End Didn’t Blink, WTI +3.23% and the 30-Year at 5.31% Lifted Energy While Communication Services Bled, Nvidia’s $105B Ohio Bet, Meta’s $1.4T Trial, Wednesday’s Auction the Test
The US-Iran framework expired with no extension and Trump threatened to bomb Oman — WTI +3.23% to $84.10, Energy led. The 30-year yield hit 5.31%, highest since 2007, while the 2-year barely moved. Nvidia guaranteed up to $105B for one OpenAI campus in Ohio. Meta’s youth-harms trial opened with $1.4T on the table; META -3.54%. Canada has 36 hours before a 50% tariff. Anthropic posted $11.5B Q2 revenue and its first operating profit.
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MIB Daily: Silver Lake’s $43B Workday Bid Buys the AI Discount, SanDisk +13.67% vs Cisco -8.40% on the Same Memory Squeeze, and a 10-Year That Won’t Follow the 2-Year Down — Own Software LBOs, Watch Hardware Margins
S&P 500 closes above 7,800 for the first time — flat July PPI knocked 2026 hike odds from 55% to under 35%. Hours later, Cleveland’s Hammack demanded an immediate hike, and said one won’t be enough. Silver Lake circles Workday at $43B; Ackman buys six AI-discounted franchises. SanDisk +13.67% on memory tightness; Cisco -8.40% on the same. Reddit joins the S&P 500 next Tuesday; Anthropic’s October IPO is being modelled at $2 trillion. Six days to the Canada tariff cliff.
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MIB Daily: GOOG -5.1% as AI Architects Defect to Rivals, MU +6.8% Confirms Hardware Wins; Oil Falls to $74 but Yields Rise, PCE Thursday Decides
Alphabet fell 5.1% — worst day in years — after its transformer co-inventor defected to OpenAI and AlphaFold’s Nobel laureate moved to Anthropic, while Alphabet raised $84.75B for the AI compute those leaders built. WTI hit an eight-month low at $74.09 on US Treasury authorization of Iranian oil exports, yet 10-year yields rose 6 bps — bond markets declining to confirm oil disinflation as a Fed catalyst. Micron surged 6.8% on an Anthropic co-design deal; Russell 2000 crossed 3,000 for the first time.
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MIB Weekly: NFP 172K Rate-Shocked the AI Bull Thesis — 53% Hike Odds, $1.77T SpaceX Debuts June 12, and Financials Outperform Semis
May NFP 172K — double consensus — pushed Fed hike odds above 50% for the first time in 2026, snapping the S&P’s nine-week winning streak on its worst day since October as Computex’s AI semiconductor euphoria reversed simultaneously. The Iran arc ran all five sessions — WTI peaking at $96 on US strikes against Qeshm Island before retreating to $90.24 — keeping PCE elevated entering Warsh’s June 16-17 inaugural FOMC, where the rate-regime inflection now enters blackout locked in.
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MIB Daily: Iran snaps the nine-session streak with WTI at $96 — Logan raises hike odds to 41%, SOXX surges vs. AI software, and $75B SpaceX supply hits June 12. Will NFP finish the job Friday?
US strikes on Iran’s Qeshm Island and IRGC retaliation on Kuwait bases ended the S&P 500’s nine-session streak; WTI hit $96. Fed’s Logan called policy “a bit loose” pre-blackout, pushing hike odds to 41%; ADP 122K and dual ISM above 54 make Friday NFP the pivot. SpaceX priced the largest US IPO in history ($1.75T, $75B raise, June 12 Nasdaq); Anthropic filed at $1T the same day. Trump proposed 10–12.5% tariffs on 60 partners including Canada, Mexico, and the EU.
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MIB Daily: NVDA Built the 7,600 Record, Iran Is Building the Unwind — WTI at $92 Makes Warsh’s June 16-17 Debut a Rate-Hike Decision
Iran suspended ceasefire talks — WTI +5.5% to $92.18 adds ~35 bps to PCE at 3.8%, complicating Warsh’s June 16-17 FOMC debut. NVDA’s RTX Spark detonated enterprise tech (DELL +10.7%, ORCL +9.9%, IBM +7.6%) while QCOM -8.78% and INTC -4.69% paid the AI-transition toll. S&P crossed 7,600 on a 9-of-11-sector red session as ISM Manufacturing hit a 4-year high of 54.0%. Anthropic filed a confidential S-1 at $965B valuation. Berkshire acquired Taylor Morrison for $6.8B at a 24% premium.
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