🚨AI CREDIT STRESS IS DIVERGING SHARPLY FROM STOCK PRICES:
Hyperscaler credit spreads have widened to 153.5 bps over Treasuries, up from ~118 bps in February, the widest since Goldman Sachs launched this basket.
Meanwhile, the hyperscaler equity basket has gained just ~3% over… pic.twitter.com/4GQN16YN7O
— Global Markets Investor (@GlobalMktObserv) July 16, 2026
🔴MOMENTUM STOCKS ARE UNRAVELING AT THEIR FASTEST PACE SINCE THE GREAT FINANCIAL CRISIS:
Goldman's US High Beta Momentum basket is on track to fall -23% this month, its worst monthly decline in 17 years, when it fell as much as -34% in its steepest month.
This basket tracks… pic.twitter.com/2ubUfNtCXO
— Global Markets Investor (@GlobalMktObserv) July 16, 2026
Warren Buffett was critical of a stock market that he said is increasingly driven by speculative trading, as opposed to investing for the long term.
“It’s tough to find values when everybody is preferring gambling,” Buffett told CNBC’s Becky Quick.
The chairman of Berkshire Hathaway
had sharp words on the stock market earlier this year. In May, he likened it to “a church with a casino attached,” specifically calling out the surge in one-day options trading as “gambling.”The stock market has rallied to all-time highs this year, climbing a wall of worry that included an energy shock from an ongoing war with Iran. Skeptics have said there’s too much speculation in stocks tied to the artificial intelligence build-out, with vehicles such as options and leveraged exchange-traded funds adding fuel to the fire. Equities have increasingly attracted retail traders en masse, who are buying shares of memory chipmaker Micron
and recent initial public offering SpaceX
France's 30-Year Bond Yield hits highest level since the Global Financial Crisis
byu/RobertBartus inEconomyCharts
Chinese AI models have rapidly gained traction, per FT
byu/RobertBartus inEconomyCharts