Ep. 18 — Powell Holds Or Blinks?

FOMC day with oil back above $110 after the UAE walked from OPEC, AI hardware wobbling as yields tick up, and gold somehow slipping into the penalty box. Powell either holds the line or blinks — and that call ripples through everything from QQQs to REITs.

Today's stories:

• Oil tops $110 as UAE exits OPEC — supply uncertainty over squeeze
• AI and big tech selloff: ROI doubts meet higher discount rates
• Gold down despite geopolitics — real yields win the argument
• REITs rally while yields rise: market pricing “contained,” not crisis
• Jamie Dimon’s bond-crisis warning vs market resilience
• China’s yuan faces summer dividend repatriation test
• M&A pulse: Pepsi to buy oOh!Media; RAC pulls London IPO; Vale misses on costs

The Calls:

• Tom: Ten-year closes above 4.40%.
• Ray: Gold ETF closes flat to down at least 1%.
• Alex: QQQs close red by at least 0.5%.

New episode every weekday before US market open.
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