MRKT Call Ceasefire Talks, Memory Stock Breakdown & Private Credit Cracks
Mar 25, 2026
They dig into strains in private credit and why big asset managers are pulling back. Memory stocks and Micron’s wild swings get a close look. Geopolitics and a market pressure index tie political moves to investor behavior. Treasury bill strategies, rising yields, and bond risks are examined. CPU plans, SoftBank ties to AI funding, and shifts between software and semiconductors are debated.
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Bond Market Stress Reflects Funding And Rhetoric Dynamics
- Bond auctions and heavy issuance have created stress in the Treasury market, with disruptive auctions already seen.
- Guy links rising yields to policy rhetoric pullbacks and warns markets may stop tolerating short-term funding tactics.
Pressure Index Signals Incentive To Pull Back From War
- Deutsche Bank's pressure index combines approval rating changes, stock performance, and inflation expectations to gauge pressure on Trump to de-escalate.
- The index is higher now than during tariff rollout, suggesting political incentives to pull back from worst-case war scenarios.
Memory Stocks Vulnerable To Surprise Competitors
- Memory stocks like Micron plunged ~20% from all-time highs amid headlines of unexpected competition (Google/CPUs).
- Dan warns competition from big cloud players can rapidly unwind memory-sector euphoria.