PodcastMorning CallOctober 12, 2026

Geopolitical risks, bank earnings and AI drive market outlook 10/12/26

AI capex now exceeds railroads' historic GDP share, but Middle East escalation and inflation data could set the market's near-term tone.

Middle East escalation risk: Deadly Houthi strikes killed 12+ at Riyadh airport over the weekend; Trump says the U.S. may join Saudi strikes against the Houthis, raising civilian-infrastructure/air-travel risk.
Russia-Ukraine energy ceasefire uncertain: Trump claims Russia and Ukraine agreed to an 'energy ceasefire' and a diesel supply deal; Zelensky says Ukraine will comply only if Russia reciprocates, and Trump suggested Zelensky be replaced.

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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.