Toby Howell
speaker
33,807 appearances
348 recordings
5 series
first heard Oct 2023
last heard yesterday
Toby Howell’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 207 in all, peaking in Jun 2026 with 49.
Appearances
Press software stocks, but yesterday we saw ServiceNow jump 7%.
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We saw Salesforce rise nearly 5%.
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It moves in uh tandem and inversely of how chip stocks are doing.
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So when you see the AI trades start to wobble, you see software stocks come roaring back, which is what we saw yesterday.
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But meanwhile, AI wasn't the only thing affecting the market.
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Oil prices also just
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Kept climbing, with Brent crude dropping $107 a barrel.
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It comes after drone attacks shut down a key Saudi pipeline that was helping the country bypass the Strait of Hormuz, and Hootie rebels in Yemen captured two more islands in the Red Sea.
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That shock manifested in the bond market, where 10-year treasury yields hit 5% Monday for the first time since 2023.
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And outside of that brief appearance, it's a level we have.
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Haven't really seen since 2007.
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The 10-year is a benchmark for borrowing costs across the economy, which means everything from car loans to mortgage rates will get more expensive, with a standard 30-year mortgage crossing 7% yesterday as well.
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Neil 5% treasuries also create a much tougher backdrop for stocks.
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Investors now get a substantial return from government bonds without taking on the additional risk found in equities.
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Which means this market sell off could get worse before it gets better.
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And the reason why the market is nervous about 5% yields is because the average SP 500 return over the past 50 years is right around 8%.
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You can now lock in effectively 60% of that gain via buying 10-year treasury notes, taking on little to no risk.
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Again, that this is called the risk-free rate of return.
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That is why you get a little bit of wobbling.
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This is in the market because why would you take the risk of investing in something like a chip stock when you couldn't just lock in 60% of that for free for no risk whatsoever?
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Showing 1421–1440 of 33,807 · page 72 of 1691
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