The Fed Is A Sideshow While The AI Trade Implodes | Weekly Roundup

The AI trade is cracking and the Fed is too boxed in to help.

This week, Felix and Quinn weigh what a fracturing AI story and stalled monetary policy mean for markets heading into year end.

We explore gold breaking to new lows, implied correlations spiking, Lagarde's exit and Europe's hike pricing, Big Tech capex cuts, and why oil is ripping into the midterms. Enjoy!

TIMESTAMPS:

00:00 Brewers Win the World Series

02:39 Fed Holds With Two Hawkish Dissents

08:46 Lagarde Exits as Central Banks Hike

12:46 Fidelity / DAS London

13:58 Gold Slides Below $3,900

19:16 Is the AI Trade Fracturing?

29:29 Fidelity / DAS London

30:46 What Oil Teaches Us About AI