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Can Anthropic Outearn Its Obligations?

Can Anthropic Outearn Its Obligations?

By Michael Lebowitz and Lance Roberts | Oct 2, 2026 | Daily Market Commentary
Anthropic’s leaked IPO prospectus, as reported by Reuters and the Financial Times, shows the company is growing faster than ever while commit...
The Swap Market Says Treasury And AI Debt Is Not A Problem

The Swap Market Says Treasury And AI Debt Is Not A Problem

By Michael Lebowitz and Lance Roberts | Oct 1, 2026 | Daily Market Commentary
Monday’s Tweet of the Day in the Daily Com...
Higher Yields Flipped The Math In The Investors’ Favor

Higher Yields Flipped The Math In The Investors’ Favor

By Michael Lebowitz and Lance Roberts | Sep 30, 2026 | Daily Market Commentary
Will 5.00% be the approximate ceiling for Treasury yields? Maybe, maybe not, but for bond investors, the risk-reward math is becoming very enti...
McDonald’s At Four-Year Lows Isn’t As Worrisome As Some Fear

McDonald’s At Four-Year Lows Isn’t As Worrisome As Some Fear

By Michael Lebowitz and Lance Roberts | Sep 29, 2026 | Daily Market Commentary
McDonald’s (MCD) hit four-year lows last week, down 22% on the year and 31% from its March high, marking a seventh straight weekly loss, its...
CMBS Losses Reach The AAA Tranche Again

CMBS Losses Reach The AAA Tranche Again

By Michael Lebowitz and Lance Roberts | Sep 28, 2026 | Daily Market Commentary
Pimco faces losses of more than $35 million on a commercial mortgage bond tied to Philadelphia’s Centre Square office towers, according to
Will Political Pressure Or Economic Hardship End The War?

Will Political Pressure Or Economic Hardship End The War?

By Michael Lebowitz and Lance Roberts | Sep 25, 2026 | Daily Market Commentary
Media speculation about a possible agreement between Iran and the US often focuses on President Trump’s incentives to end the war. In particu...
No Relief At The Pump Despite Crude Falling

No Relief At The Pump Despite Crude Falling

By Michael Lebowitz and Lance Roberts | Sep 24, 2026 | Daily Market Commentary
Crude peaked at $106 on September 15 and has since fallen nearly 15% to $90. Despite the recent downturn, gasoline futures are up 1.9% over the...
The FOMC Sees Zero Downside Economic Risks

The FOMC Sees Zero Downside Economic Risks

By Michael Lebowitz and Lance Roberts | Sep 23, 2026 | Daily Market Commentary
The graph below, courtesy of Apollo, shows that not one FOMC member sees downside risks to the economy. This must be a very bullish signal, giv...
Dow Slides While Nasdaq Rallies: Omen Or Rotation?

Dow Slides While Nasdaq Rallies: Omen Or Rotation?

By Michael Lebowitz and Lance Roberts | Sep 22, 2026 | Daily Market Commentary
The Dow has lost ground for three weeks running, down nearly 3.5% from its August 28 close, while the Nasdaq 100 is slightly higher over the sa...
Low Jobless Claims Are ‘Half A Misnomer’

Low Jobless Claims Are ‘Half A Misnomer’

By Michael Lebowitz and Lance Roberts | Sep 21, 2026 | Daily Market Commentary
To justify hiking rates, Kevin Warsh and the Fed painted a rosy picture of the labor market. Interestingly, Warsh did so by citing record low j...