Daily Alpha · YouTube
· Post-Market Alpha · by Buzzberg Research
Who was talking 55 videos · 17 channels
Rates and the curve
1 video · 2h 24mThe 10-year closed above 5.1% at a 19-year high and the 30-year reached 5.367% while the $70bn five-year auction cleared at 5.033% with heavy dealer takedown; Deutsche Bank's base case is 50bp more hikes by March and Edward Jones' Mahajan s
SoftBank junk bond funds OpenAI commitments at record scale
SoftBank is said to be launching one of the largest corporate junk bond sales ever, raising more than $1 billion at record yields to fund AI investment including OpenAI commitments.
Diesel and refined products
1 video · 2h 24mDiesel near a record $6.52 a gallon, a possible US export ban, record distillate cracks and unresolved Hormuz transit terms; Hochstein and Wright oppose a ban and analysts flag run cuts that would tighten gasoline even as US diesel prices f
SoftBank junk bond funds OpenAI commitments at record scale
SoftBank is said to be launching one of the largest corporate junk bond sales ever, raising more than $1 billion at record yields to fund AI investment including OpenAI commitments.
AI credit and financing
2 videos · 3h 51mSoftBank priced a record junk deal near 10% with only a three-times book, AI infrastructure issuance has changed high-yield composition with a $50bn pipeline, and Morgan Stanley still recommends owning inference compute bottlenecks, cyberse
Meta's Muse agent framed as 'Studio Ghibli moment' for AI agents, threatening inertia-based intermediaries
Bloomberg's Sarah Frier said Meta's Muse agent had a breakout launch and that 'human inertia brands' — gym memberships, travel search, subscription businesses — can be optimized by AI, while banks, insurers and others that benefit when customers stay put face real pressure; Mike Ball cautioned adoption may stall because people are nervous about handing AI all their information.
SoftBank junk bond funds OpenAI commitments at record scale
SoftBank is said to be launching one of the largest corporate junk bond sales ever, raising more than $1 billion at record yields to fund AI investment including OpenAI commitments.
Clocktower's Wallerstein: 2022-style bear market is becoming base case despite decent US growth
Eric Wallerstein of Clocktower Group says a 'garden variety bear market' is increasingly his base case for US equities, driven by an energy supply shock, elevated valuations, synchronized global central bank tightening, and fiscal drag — even though he remains constructive on US growth relative to other developed markets.
Critical minerals framed as the binding constraint under the AI buildout, with the US-China truce lapsing in November
Heidi Crebo-Rediker (Council on Foreign Relations) argues the Trump-Xi summit's real substance is critical minerals, not headline AI cooperation: 'critical minerals are the foundation to the energy, data center part. It starts with the critical minerals,' and notes the critical-minerals truce is supposed to run out in November with negotiators 'not there yet.' She characterizes China as holding 'the Trump card' if it chooses to cut off supplies.
McDonald: AI data-center credit is the stress point, with Oracle CDS blowing out while equity rallies
He notes Meta, Amazon and Google bonds are down 10-12 points, Oracle bonds above 8% yield, and Oracle CDS blowing out while Meta CDS rose sharply on a day the stock was up 12% — a divergence where credit is more conservative than equity.