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Daily Update

Rate Cut Odds Slip Due To Lack Of Data

Rate Cut Odds Slip Due To Lack Of Data

By Michael Lebowitz and Lance Roberts | Nov 21, 2025 | Daily Market Commentary
As we share below, the odds of a Fed Funds rate cut at the December FOMC meeting are down to 33%. On Wednesday, there was an abrupt repricing of rate cut odds after the BLS cancelled...
Oracle And CoreWeave CDS Spreads Widening: Omen Or Jitters

Oracle And CoreWeave CDS Spreads Widening: Omen Or Jitters

By Michael Lebowitz and Lance Roberts | Nov 20, 2025 | Daily Market Commentary
Fear is being spread on social media that some AI players are nearing default. The evidence, some say, lies in the Bloomberg graphs below showing the widening CDS spreads of Oracle an...
Margin Debt Sets Records: Should We Be Concnered?

Margin Debt Sets Records: Should We Be Concnered?

By Michael Lebowitz and Lance Roberts | Nov 19, 2025 | Daily Market Commentary
There is a strong historical relationship between margin debt and the stock market. Given that margin debt just set a record at $1.18 trillion, it’s worth appreciating the mechanics...
Apple Out Google In: Warren Buffett’s Latest Moves

Apple Out Google In: Warren Buffett’s Latest Moves

By Michael Lebowitz and Lance Roberts | Nov 18, 2025 | Daily Market Commentary
Warren Buffett’s Berkshire Hathaway has long viewed Apple as its crown jewel. In early 2024, Apple shares accounted for nearly 25% of the Berkshire Hathaway portfolio. However, Buff...
Is Strategy Dragging Bitcoin Down?

Is Strategy Dragging Bitcoin Down?

By Michael Lebowitz and Lance Roberts | Nov 17, 2025 | Daily Market Commentary
Bitcoin is up 2% year to date, but the share price of the world’s largest holder of Bitcoin, Strategy (MSTR – formerly MicroStrategy), is down about 30% year to date. As we have n...
The Bearish Bond Narrative Fades

The Bearish Bond Narrative Fades

By Michael Lebowitz and Lance Roberts | Nov 14, 2025 | Daily Market Commentary
Not that long ago, bond yields were rising as concerns over deficits, inflation, and a series of bad Treasury auctions were paraded through the media. We bring this to your attention...
Data Center Debt: Can Oracle Hang With The Big Boys?

Data Center Debt: Can Oracle Hang With The Big Boys?

By Michael Lebowitz and Lance Roberts | Nov 13, 2025 | Daily Market Commentary
Meta and Google recently borrowed a combined $55 billion in the corporate bond market. As we share below, this debt represents a new source of funding for data center expansion. Furth...
50 Year Mortgages: Pros And Cons

50 Year Mortgages: Pros And Cons

By Michael Lebowitz and Lance Roberts | Nov 12, 2025 | Daily Market Commentary
President Trump proposed, with the full support of Federal Housing Director Bill Pulte, that homeowners be allowed to take out 50-year mortgages. The goal is to make housing more affo...
An Economic Data Flood Is Coming: Does It Matter?

An Economic Data Flood Is Coming: Does It Matter?

By Michael Lebowitz and Lance Roberts | Nov 11, 2025 | Daily Market Commentary
Buckle Up! With the end of the government shutdown and the return to work of government employees comes a flood of economic data. Below is a list of old economic data that should be...
One Trillion Dollar Package For Musk If He Delivers

One Trillion Dollar Package For Musk If He Delivers

By Michael Lebowitz and Lance Roberts | Nov 10, 2025 | Daily Market Commentary
With over 75% support, Tesla shareholders approved Elon Musk’s record-breaking, one trillion dollar executive compensation package. The deal is contingent on Musk delivering signifi...