Morning Call AI momentum, oil shocks, and markets look through volatility 4/14/26
Apr 14, 2026
Chris McGrady, KBW bank analyst focused on earnings and net interest margins. Jordy Visser, AI and crypto strategist at 22V Research. Dan Murphy, CNBC correspondent reporting on oil and Iran geopolitics from Abu Dhabi. They discuss bank earnings and capital trends. They explore AI-driven software rebounds and Bitcoin dynamics. They analyze oil market reactions to Iran talks and geopolitical risks.
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Episode notes
Bitcoin Benefits From Negative Real Rates
- Bitcoin may rise as real yields turn negative, decoupling it from software correlation.
- Visser points to negative real rates, a weekly MACD crossover, and Bitcoin outperforming during recent software weakness as bullish catalysts.
Key Bank Earnings Metrics To Monitor
- Watch trading, investment banking, net interest margin and loan growth for bank earnings cues this week.
- Chris McGrady expects double-digit year‑on‑year trading/IB revenue and margin expansion due to a positively sloped yield curve.
Yields Retreat Ahead Of PPI Read
- Treasury yields fell sharply ahead of PPI, with the 10‑year dropping over 4.28% as markets reassess inflation signals.
- Morgan Brennan notes PPI due at 8:30 a.m. could confirm wholesale price momentum seen in February.