Daily Alpha · YouTube
· Post-Market Alpha · by Buzzberg Research
Who was talking 66 videos · 14 channels
Long-end intervention
1 video · 4mTreasury buybacks improved liquidity, but rates specialists argued they cannot override fiscal supply or private capital demand.
Treasury buybacks lack power to shift long-term yield fundamentals
Former CEA chair Jason Furman argues that Treasury debt buybacks are a short-term tool for managing curve shape and cannot override structural drivers of high interest rates, specifically AI-related capital demand and heavy government borrowing.
AI buildability
2 videos · 7mNegative hyperscaler free cash flow met rising state and local resistance to power- and water-intensive data centers.
AI infrastructure spending faces sustainability questions
Hyperscalers are reporting negative free cash flow while AI firms issue high-yield debt, shifting investor focus toward the weighted average cost of capital (WACC) as a new risk factor for tech equities.
Regulatory friction grows for data center buildouts
Texas has paused new data center grid approvals for an audit, and Pennsylvania has implemented strict conditions for new developments, reflecting rising political and grid-capacity backlash.
Oncology validation
1 video · 8mFirst-party Phase 3 commentary moved personalized mRNA cancer therapy from platform promise toward regulatory execution.
Positive Phase 3 melanoma trial results for mRNA-Keytruda combination
Moderna and Merck reported that their individualized mRNA neoantigen therapy combined with Keytruda reduced the risk of recurrence or death in melanoma patients.
SK Hynix announces $29B share buyback and cancellation
SK Hynix announced a nearly $30 billion share buyback and cancellation program to stabilize its stock, which had fallen from June highs. The company committed to returning 50% of cash flows to shareholders and intends to cancel repurchased shares to unwind dilution from its ADR listing.