Is AI productivity story near-term or long-term?
Vonnie Quinn
Jordan Rochester
AI narrative overblown; social media drove stock reactions; AI disinflationary long-term but contradicts strong US data.
Potential for Fed hike?
Vonnie Quinn
Jordan Rochester
Hike bar very high; likely no cuts this year; new Fed chair may face dissent if pushes cuts.
Front-end rally overdone?
Vonnie Quinn
Jordan Rochester
Front-end rates range-bound 25-30bps around neutral rate of 3%; bounce from ~3.04% already happening.
Dollar outlook?
Vonnie Quinn
Jordan Rochester
Dollar supported by higher front-end rates; long dollar/yen to 157-158; short cable.