Tag: Interest Rates
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From Cuts to Hikes: The Fed Rate Hike Repricing Before Warsh’s First FOMC
Khan Capitals | June 2026 Key Takeaways A Week That Rewrote the Path of Policy For most of the past eighteen months, the central debate in rates markets was about the pace of descent: how quickly the Federal Reserve would lower the policy rate from its restrictive perch, and how far it would travel before…
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The June 2026 Crypto Deleveraging: Bitcoin Below $60,000 and Strategy’s First Sale
Khan Capitals | June 2026 Key Takeaways The most leveraged corner of global markets is usually the first to tell you when the cost of money is changing. In the week of 1 June 2026, the June 2026 crypto deleveraging delivered that message with characteristic violence. Bitcoin, which had spent the spring consolidating in the…
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The $1 Trillion AI Semiconductor Selloff: When Good News Became Bad News
Khan Capitals | June 2026 Key Takeaways A Record Week That Broke on Friday The AI semiconductor selloff of 5 June 2026 will be remembered for its violence, but the more instructive detail is what preceded it. On Monday 1 June the Nasdaq Composite closed above 27,000 for the first time. On Tuesday the S&P…
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Dell’s $51.3 Billion AI Server Backlog: The Build-Out Moves Down the Stack
Khan Capitals | June 2026 Key Takeaways A Beat Without Precedent in Enterprise Hardware Enterprise hardware is not supposed to produce results like this. The sector’s economics, long production cycles, thin margins and procurement-driven demand, have historically made it the steady, low-multiple counterweight to software’s volatility. Dell Technologies’ first-quarter fiscal 2027 results, reported after the…
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The 8-4 Split: Powell’s Last Stand and the Stagflation Question
Khan Capitals | May 2026 Key Takeaways A Vote That Has Not Happened in Three Decades The 29 April FOMC decision was, on its face, a non-event: the federal funds rate was held in the 3.5-3.75 per cent range for a third consecutive meeting, exactly as fed funds futures had priced. The substance, however, sat…
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Q1 2026 Bank Earnings: Trading Desks Ride the Volatility Wave as Net Interest Income Compresses
Khan Capital | April 2026 Key Takeaways A Volatility Quarter That Rewarded the Right Desks The first-quarter 2026 bank earnings season opened this week with results that, taken in isolation, would have been read as a clean beat for the American banking sector. Every one of the six large US franchises that reported between 14…
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The Private Credit Crackup: Blue Owl, Redemption Gates, and the Liquidity Illusion
Khan Capital | March 2026 Key Takeaways For the better part of a decade, private credit was the asset class that could do no wrong. It offered equity-like returns with bond-like volatility, generated consistent income in a yield-starved world, and came wrapped in the institutional credibility of names like Blue Owl Capital, Apollo Global Management,…
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Fed Holds Amid Iran War: Walking the Tightrope Between Jobs and Inflation
The Fed holds rates as 92,000 jobs vanish and oil-driven inflation surges. Caught between a weakening economy and rising prices, the central bank faces its most difficult policy dilemma since the Volcker era.
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Private Credit Faces Its First Real Test
Khan Capital | January 2026 Key Takeaways For most of its existence, private credit has been tested by nothing more serious than a brief pandemic-era wobble that was immediately backstopped by the largest monetary intervention in history. The asset class grew from approximately $500 billion in 2015 to an estimated $1.7 trillion by mid-2025, powered…
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Fed Cuts Again: Three Consecutive Cuts to Close 2025
Three consecutive rate cuts bring the fed funds rate to 3.50-3.75% as the most internally divided Fed in decades navigates missing data, political pressure, and a genuine stagflationary dilemma. Why the cutting cycle is approaching its endpoint.