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Open original source ↗The tension between massive AI infrastructure CapEx and the bond market is the defining macro trade right now.
On the latest episode of U Got Options, Christian Mueller-Glissmann from Goldman Sachs breaks down the reflexivity: why heavy tech spend pushes real yields higher, and how the bond market eventually becomes an active ceiling on equity valuations.
Full conversation from the Cboe floor is live:
https://t.co/ZXrtpK59yS