Evoke 20-Minute Market Outlook Podcast for Q4 2026

Central banks pivoted to tightening as AI capex (toward $1.4T) and sticky inflation push real yields to multi-decade highs, testing equity resilience.

• Policy pivot: Central banks have shifted from expected easing to tightening in 2026, driven by resilient AI-driven growth, sticky inflation, and Middle East conflict pushing up commodity prices.
• Bond carnage, new opportunity: Treasuries, corporates and especially munis sold off hard in Q3, pushing yields to levels unseen since the early 2000s; 10-year real (TIPS) yields are near 3%, with the entire yield rise attributed to real yields, not inflation expectations (10-yr breakeven still 2.3-2.4%).

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.