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10-year Treasury’s biggest drop since SVB; AI bear says let OpenAI, Anthropic fail
10-year yield plunges 19.3 bps; Evercore says Treasuries hedge an AI bust. Ed Zitron urges OpenAI/Anthropic be allowed to fail; AmEx cuts 5% and iPhone Duo debuts.
Editorial companion
What stands out
The clip captures two contrasting reactions to one market move: a 19.3 basis point drop in the 10-year Treasury yield, the biggest one-day fall since Silicon Valley Bank failed, and two voices explaining why it matters. Krishna Guha argues that fixed-income investors are relearning Treasuries can protect portfolios against a deflationary bust tied to artificial intelligence, while Ed Zitron bluntly argues OpenAI and Anthropic could be allowed to fail, calling them load-bearing for the market. Those dueling takes compress a policy-market debate into a single trading day.
Bullish Gator Snapshot
Current ratings and signals
American Express (AXP)
Neutral
AXP rates Neutral overall. The fundamental read is neutral: the company passes 4 of 9 quality tests on the Piotroski F-Score; revenue is growing about 11.0% per year; net income is growing about 13.1% per year. The technical picture is neutral: price is 3.1% below the 200-day moving average; 0.9% below the 50-day; the 50/200 relationship is in a Death cross. Sentiment is neutral (composite 56/100), based on 6 news articles, 1 TV segment, and 6 qualified videos from recent coverage.