Treasury Bond Yields Break a 19-Year High | WAYT?
Спикеры
Josh Brown
— Генеральный директор, Ritholtz Wealth Management
Michael Batnick
— Управляющий партнер, Ritholtz Wealth Management
Josh Brown and Michael Batnick discuss the recent rise in global long-term bond yields and its implications for markets. They also analyze the massive off-balance sheet AI commitments of major tech companies, the evolving enterprise SaaS landscape, and Bill Ackman's various investment vehicles.
- Long-term bond yields are rising globally due to debt concerns and corporate issuance.
- Tech giants are accumulating massive off-balance sheet lease obligations for AI data centers.
- The indiscriminate selling of enterprise SaaS stocks has paused, though challenges remain.
- Bill Ackman is restructuring his Pershing Square empire to secure permanent capital.
- The leisure and travel sector continues to show strong market leadership.
- Spotify is highlighted as a top media business with a strong technical setup.
Идеи
Off-balance sheet debt and lawsuits threaten Meta.
Meta has massive off-balance sheet lease obligations for data centers and faces potential multi-billion dollar fines from 29 states over child protection, causing the stock to look terrible and approach recent lows.
Massive debt is causing panic in Oracle.
There is a slow-motion panic in Oracle's equity caused by its massive debt load, ties to OpenAI contracts, and blowing out credit default swaps.
Sold Workday immediately on acquisition rumor pop.
Sold Workday immediately at $218 following the Silverlake acquisition rumors, taking the opportunity to exit the position.
Salesforce stock could decline further from AI.
Despite the indiscriminate selling of SaaS stocks ending, Salesforce is not out of the woods and its stock price could be lower a year from now due to AI disruption pressures.
Autonomous vehicle overhang caps Uber's upside potential.
Uber is facing endless sellers and getting rejected hard at its 200-day moving average; it will struggle to get back above $80 due to the overhang of autonomous vehicle competition.
Buy PS to bet on Ackman's business.
If you want to bet on Bill Ackman as a businessman and entrepreneur successfully launching new funds and collecting fees, you should buy the management company, PS.
Buy PSH or PSUS for Ackman's portfolio.
If you want to bet directly on Bill Ackman's concentrated portfolio and stock picks, you should buy PSH or the new closed-end fund PSUS.
Buy Howard Hughes for Ackman's Berkshire clone.
If you want to bet on Bill Ackman successfully executing a Berkshire Hathaway-style permanent capital model using real estate and insurance cash flows, you should buy Howard Hughes Holdings.
Buy leisure ETF PEJ on any pullback.
Leisure continues to lead the market, and betting against the consumer's willingness to spend on travel is a bad bet; the PEJ ETF is making new all-time highs and is a buy on any pullback.
Spotify is media's best business with upside.
Spotify is the best business in media, having defeated competitors like Pandora and SiriusXM, and is on track to reach a billion subscribers; the stock has formed a double bottom at $400, offering a great risk-reward setup for a trade with 50% potential upside.
Далее
This The Compound News video, published August 18, 2026, features Josh Brown, Michael Batnick discussing META, ORCL, WDAY, CRM, UBER, PS, PSUS, PSH, HHH, PEJ, SPOT. 10 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Josh Brown, Michael Batnick · Tickers: META, ORCL, WDAY, CRM, UBER, PS, PSUS, PSH, HHH, PEJ, SPOT