The Macro Minute with Darius Dale

This episode of the Macro Minute examines how strong demand for Anthropic’s prospective IPO and CoreWeave’s beat-and-raise are reviving enthusiasm for AI. We also explore growing political resistance to data-center development and the longer-term risks it creates for the AI investment cycle.

We explore how October CPI reinforced 42 Macro’s Sticky Inflation theme and the current risk-off Market Regime. Darius also discusses renewed U.S.–Iran diplomacy, shifting AI sentiment, and why a potential Fed-Treasury Accord 2.0 could emerge in 2027.

We examine how diplomatic developments, shifting inflation expectations, and mounting execution risks across the AI ecosystem are affecting the current risk-off Market Regime. Darius also explains why America’s widening divide between asset owners and wage earners may become the defining political issue of the years ahead.

Today, we highlight why the October Jobs Report reinforced the risk-off INFLATION Market Regime, why investors should not expect an immediate Fed rescue, and how KISS moved to 95% cash ahead of the latest market selloff.

Today’s Macro Minute examines how strong productivity and cooling labor costs are challenging the current risk-off INFLATION Market Regime, while political resistance to data-center construction creates an underpriced risk for investors.