2026.10.30
AI Is a Credit Problem
► The Funding Wall and the Fourth Financing Channel
► Fixed Income: Credit Rotation, Not Systemic Contagion, and a Treasury Flight to Quality
► Equities: From the Momentum Beta Trap to Quality, Defensive and Low-Volatility
2026.11.02
Who’s Picking Up the Tab for AI?
The Fed is tightening policy, and the market is heavily concentrated in AI infrastructure and monetization themes...