PodcastThe Real Eisman PlaybookOctober 9, 2026
Q3 2026 Market Recap: Energy Up, Utilities Crushed, and Software Flipped | The Weekly Wrap
Steve Eisman warns over 65% of the S&P 500 is now effectively one concentrated bet on AI.
- AI is now ~65% of the S&P: adding infotech (40%), Google/Amazon, utilities (3%), and AI-linked industrials/financials pushes the index to one giant AI bet; only staples and healthcare (14%) are untouched.
- 10-year yield spiked to 5.25%: up from 4.5% during Q3, driven by ~$500B in AI debt issuance crowding out Treasuries plus a September Fed rate hike as inflation insurance.
The full card is a free trial away.
The full summary and the deep dive on this episode, plus a brief every morning on the shows and companies you follow.
Read free — start your trial14-day free trial
Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.