PremiumLula Shock Batters Brazil, Anthropic S-1 Revives AI Trade As Oil Dips Into Fed Week
Tl;dr: After last week's below-the-surface shitshow in the US, this week started off calmly above and below with META (raising cash thru equity, down on day though), ANT (issuing its S-1), & SPCX (big debt issue went-off) providing some support for all of AI (Neoclouds surged from an ugly open), lifting NDX to outperform (DOW lagged but all majors green) but flows showed sell skew with supply in tech. Credit markets rebounded modestly (even hyperscaler CDS and data-center debt). Brazil stole (pun intended) the headlines though with stocks, bonds, and BRL all cratering on Lula's surprise (delayed) win. US Treasuries were mixed (short-end weak), the dollar whipsawed to flat, gold managed small gains as bitcoin drifted lower from Friday.
