Former U.S. Deputy Treasury Secretary Michael Faulkender said voters care most about the cost of living and that inflationary pressures could resurface if Democrats obstruct energy policy and push for higher taxes.
Dan Weiskopf, senior portfolio manager at Tidal Financial Group, says a Democratic sweep of Congress could bring greater scrutiny of AI spending, but Washington’s appetite for AI remains strong, and once investors allocate to tech stocks, it is hard to get out.
Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, said the market had not fully priced in expectations of a sweeping Democratic victory, and that blue-wave expectations were weighing on growth stocks.
At the start of their election-night livestream, the All-In hosts argued that taxing assets again after income tax has been paid would stifle personal ambition and could ultimately bring down Silicon Valley, California and even the entire country.
Bain Capital Chair John Connaughton said the firm's exits will exceed 30 billion dollars this year, setting a record for the third consecutive year, with about half of its liquidity coming from Asia.
Bloomberg’s Daybreak Asia features two conversations from the Hong Kong summit: Ted Pick says AI capital spending is still in its early stages, while Manny Roman says AI financing has not pushed up interest rates and expects the Fed to stop after one more rate hike by year-end.
Goldman Sachs Chairman and CEO David Solomon says the technology supercycle will dominate capital markets and financing activity, with very robust demand for major financings involving SpaceX and Meta and for the upcoming Anthropic IPO.
Morgan Stanley Chairman and CEO Ted Pick says enterprise AI adoption is irreversible, and AI investment could reach 10 trillion to 15 trillion dollars over the next seven to twelve years.
Pies has materially reduced his equity allocation. AI infrastructure still has room to grow, but if Fed rate hikes choke off the venture capital funding cycle, around a quarter of AI labs’ revenue could be affected.
Piper Sandler’s chief investment strategist says the beta bubble represented by speculative stocks has burst. The breadth of high-beta technology stocks outperforming by 100% over the past 15 months has only been seen before in the late 90s.
Value stocks and the S&P 500 Equal Weight Index rebounded, while the AI sector weakened on a relative basis. JPMorgan believes that if the economy and earnings remain resilient and inflation concerns stop intensifying, a peak in yields will support a continuation of the equity market rally.
Intel expects PC shipments to fall by more than 20% year on year in the second half of 2026, while server CPU shipments grow by more than 30% in both 2026 and 2027; Morgan Stanley believes the two trends have markedly different implications for the hardware supply chain.
AMD’s third-quarter revenue and adjusted earnings per share both exceeded market consensus. Its fourth-quarter revenue guidance also beat expectations, but the outlook shows a clear divergence between accelerating data center growth and a declining PC business; inventory rose while cash flow weakened.
Microsoft cut its 2026 capital expenditure guidance because of delays in the delivery of third-party capacity, but all four major cloud providers signaled continued investment in 2027. Morgan Stanley favors server assembly, boards and chip substrates.
Estun’s domestic revenue fell and overseas revenue rose in the first three quarters. Management maintained its full-year gross margin and recurring net profit guidance and expects fourth-quarter revenue to grow 38%–47% year over year.
The October survey found that roughly one-third of respondents held only one of Walmart’s two types of membership, while another 55% held neither. Morgan Stanley believes membership bundles could support cross-selling and increase spending per member, but the survey showed greater overlap than management had indicated.
Larger screen sizes and supply discipline support LCD panels, but OLED competition is intensifying and photovoltaics remain at the bottom of the cycle. Morgan Stanley maintains its Equal-weight rating on TCL Corp., citing a lack of strong near-term catalysts.
China and Hong Kong equities fell for a third consecutive month, pressured by unwinding of AI-related trades and weak domestic demand; inflows into A-share ETFs rose markedly at month-end, while local Hong Kong stocks showed relative resilience.
Management expects the combined premium on official crude oil selling prices and logistics costs to rise to US$15–25 per barrel in the fourth quarter. JPMorgan believes export profits can provide a buffer, but may not be enough to offset higher freight costs.
In October 2026, the year-on-year decline in sales by the top one hundred developers widened to 13%, weaker than JPMorgan expected. Existing-home transactions in key cities rose more than 20% year on year; differences in subsidy coverage could mean existing homes benefit more on a relative basis.
