10y on from Brexit / AI to become an infrastructure debt bubble / UST yields, JPY 'decoupling' from Crude prices

sc0172
2 days ago
3 min read

It's been 10years, all those promises.. net results anything from 3-8pct lower GDP, and the global equity market rally that passed the U.K by, and now the country changes PM's all too often, many things have become ungovernable ! it was all pretty clear this was coming...
Iran updates : The U.S waived sanctions on Iran for 60 days from Monday after the first talks under a nascent peace deal, while officials reported a sustained lull in fighting in Lebanon under the agreement aimed at ending hostilities across the region, crude low 70's, ''almost'' back to where it was pre war,
Markets : UST yields decoupling (inflation, hawkish FED, large corp and govt issuance..!) from lower crude prices (same as JPY - no recovery so far with lower crude prices), Japan's Katayama held talks with US Treasury's Bessent on financial markets #JPY >>> HUGE IPO's have a tendency to arrive at/near peak of the markets ! #SpaceX , as discussed lately, should be no surprise to anyone if Techs, big Techs, QQQ peak around now...a reminder that SpaceX still trades near 100x sales, which is completely nuts.., momentum can change very rapidly.., >>> ''Dot-com was an equity bubble. AI is becoming an infrastructure debt bubble''
The U.K. economy has largely failed to experience a post-Brexit boost after upending ties with its largest trading partner. While shocks such as the coronavirus pandemic in 2020 and Russia’s invasion of Ukraine in 2022 hit growth globally, Stanford professor Nicholas Bloom estimates that by 2025, Brexit had reduced the U.K.’s GDP by 6-8%.
OIL : The reduction in Chinese oil imports is one of the most important reasons oil prices are not going through the roof right now
Saudi Arabia just dropped a bombshell: “We can no longer stand side by side with Trump. Let him save himself first, then save us.”
SpaceX sheds $400bn in market value as debut rally hits reverse. Shares in Elon Musk’s AI and rockets group tumble more than 16% following fresh rise in US bond yields >> back down to earth !
Meta said on Monday it will pause ‌an internal program that tracks employee mouse movements and digital activity for ‌AI training as the social media giant investigates data security concerns
Oracle's total workforce declined 13%, 21,000 employees, in fiscal 2026, AI adoption
BofA now expects the Fed to hike rates three times this year, reversing its prior view of no changes. The firm sees 25 bps hikes in September, October, and December, taking the Fed funds range to 4.25%–4.5% by year-end. BofA now expects the first Fed rate cuts to come in 2028