Bloomberg Surveillance — Fed decision, 5% Treasuries, AI, and markets (9/16/2026)

Bullish Gator

Daily market briefing covering the Fed decision, 5% Treasury yields, rate outlook, AI investment debate, mortgage risks, and implications for investors and executives.

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What stands out

On Bloomberg Surveillance, Jim Zelter of Apollo argued AI buildout needs every source of capital, while Alicia Levine of BNY Mellon kept an 8,000 S&P target despite 5% Treasury yields and a hawkish Fed tone. That pairing matters because it frames a central investor choice this cycle: throw more capital at AI infrastructure or lean into firms that actually look like they are earning more in a higher-rate world. The contrast is striking when you look at Apollo's blistering revenue growth alongside a collapse in reported profitability, versus BNY's steadier earnings expansion.