CoreWeave’s Bond Rout Should Make the Fed Cautious

Published on October 21, 2026

Corporate credit, monetary policy’s sleeping giant, is finally stirring. Cloud computing service provider CoreWeave Inc.’s bonds dropped this month, sending yields on its 2032 notes as high as 15%. Yields for junk and investment-grade debt reached the highest since 2025 and 2023, respectively.

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AI Buildout Drives Yields and Market Rotation

October 21, 2026
Earnings now have become the central market focus this week. Bank results have been somewhat mixed, and the market will need confirmation that profits outside the largest technology companies are strengthening. I still do not believe the overall equity market is excessively valued, but investors should expect continued volatility between growth and value as expectations for AI spending shift.

Age Isn't Just a Number

October 21, 2026
While don’t think of myself as being old, I can’t call myself young anymore. When I go to the gym, it takes me longer to stretch than to work out. People my age debate the best vitamin supplements, not the best burger joints. When I am asked for identification at the market, it isn’t to confirm I am old enough to buy beer; it’s to see whether I am eligible for a senior discount.