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Stock impact report

'Bond King' Bill Gross warns of AI-driven 'excessive exuberance' in stocks, and says he's not buying bonds either [Business Insider]

Western Midstream Partners, LP Common Units Representing Limited Partner Interests (WES) 
Last western midstream partners, lp common units representing limited partner interests earnings: 2/27 04:05 pm Check Earnings Report
While Treasury yields have climbed in past years, Gross is shorting 5- and 10-year notes. NEW LOOK Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Stock have notched a string of record highs this year, driven by a tech frenzy and high federal spending that have blotted out all else, Bill Gross wrote in his latest investment outlook It's these factors that have spurred the S&P 500 up over 20% since mid-2022, even as interest rates tightened aggressively in the same timeframe, sending Treasury yields higher. "The fact that the stock market has been unaffected by the 300-basis point rise in 10-year [inflation-adjusted yield] over the past 2 years tells an observer something," the PIMCO co-founder said. "It tells me that fiscal deficit spending and Al enthusiasm have been overriding factors." And the trend isn't going away anytime soon, he asserted: "Buckle up for excessive exuberance." Typically, bon Show less Read more
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