Stocks, Bonds Fall as CPI Data Fuel Fed-Hike Bets

Phil Neuhart

look at nominal GDP running 6 to 7%.

Phil Neuhart

The bottom two cortiles, half of US consumers have seen negative net worth gains from 2022 to 2025.

SPEAKER_05

Maybe not in the earning sphere where we have earnings growing north of 30% in the S&P 500.

SPEAKER_05

He models out core CPI of 2.8% up from the recent low of 2.4%.

SPEAKER_05

It's why the market is starting to pay attention to free cash flow yield.

SPEAKER_05

I think that what you've seen in semis in recent days just shows that if you're ultra concentrated in one industry that you can really take it on the chin.

SPEAKER_05

They were writing down 3.7 billion, 3.7 billion in non-refundable advanced payments for data set.

SPEAKER_05

We've really avoided the hyperscalers.

SPEAKER_05

In 10 year equivalents in duration, the US private sector will have to absorb about 1.6 to 1.7 trillion dollars in treasuries and IG.

Phil Neuhart

Is of massive overbuilding on the compute side because each individual hyperscaler.

SPEAKER_05

The vast majority of the reason why bond deals are higher this year is simply because the economy was stronger than expected.

SPEAKER_09

Chris Waller come out before the CPI report basically warning that if it's strong that 50 basis point hike in December is on the table for discussion.

SPEAKER_09

Now, we think that it's related to passing through of higher energy costs, diesel, shipping costs and things like that.

SPEAKER_09

this is one of those prints that is incredibly disappointing for a central bank that wants to make sure that what should be price level adjustments are not broadening out into more inflationary pressures.