11AM Hour: Renaissance Macro's Neil Dutta, Nvidia Shares Pop & SpaceX's Historic Launch 9/28/26

Diverging economic strength — AI capex resilient, rate-sensitive sectors weakening — may force the Fed to tighten more than markets currently expect.

• Yields spike, stocks slide: 10-year Treasury hit 5.27% (highest since 2007), 30-year highest since 2004; Dow fell ~400 points to below 7,700.
• Dutta sees more Fed hikes: Renaissance Macro's Neil Dutta argues rate pressure is hitting housing/autos but not AI-driven tech capex, meaning the Fed "has to get even tighter from here" to cool the economy.

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