Torsten Slok (Apollo) argues the US economy remains very strong across consumer metrics (air travel, hotels, restaurants, Statue of Liberty visits). Falling oil prices are a welcome tailwind but may boost demand and keep core inflation sticky near 3%. AI spending boom and tax cuts (One Beautiful Bill) add further growth tailwinds. Front-end rates have fallen as markets price out hikes, but long rates are sticky. Fed's Warsh likely to be cautious and data-dependent. Overall, inflation is becoming more 'transitory' on energy, but core inflation remains a challenge.
explicit
implicit
RUT
explicit
Metals
USD
AI beneficiaries up
Apollo
9.0
Asset Manager $671.00B
Torsten Slok 9.5
Asset Manager $671.00B
Torsten Slok 9.5
US rates; Fed funds
6/15/2026 6:03:06 PM
ndx
Slok emphasizes strong tailwinds from AI spending boom broadening out, which directly benefits Nasdaq-100 components. Combined with strong economy and falling oil, this supports a positive outlook for tech/growth stocks.
wti
Oil prices have come down. Energy prices are coming down. Gas prices going down is now a tailwind.
| 6/4/2026 9:00:32 PM | short term cautious up | 5 days later | -0.56% | -0.28% |
| 3/27/2026 7:30:29 PM | long term cautious down | 60 days later | -15.09% | +7.54% |
| 3/27/2026 1:02:36 AM | short term up | 7 days later | +9.26% | +9.26% |
| 3/3/2026 6:19:39 PM | short term up | 5 days later | +26.94% | +26.94% |
| 1/8/2026 11:05:50 PM | short term cautious down | 5 days later | +4.91% | -2.45% |
yields
Front-end rates have come down. That means people are beginning to price in that the Fed could potentially not hike rates, and maybe we do have some door open here to begin to cut rates.
| 5/5/2026 6:12:22 PM | short term cautious up | 5 days later | +1.24% | +0.62% |
| 4/3/2026 7:31:50 PM | medium term up | 21 days later | +0.02% | +0.02% |
| 3/27/2026 8:49:47 PM | medium term up | 21 days later | -2.12% | -2.12% |
| 3/27/2026 7:30:29 PM | medium term up | 21 days later | -2.12% | -2.12% |
| 12/23/2025 11:03:06 PM | long term up | 61 days later | -2.59% | -2.59% |
| 10/28/2025 5:15:14 PM | medium term cautious up | 20 days later | +1.60% | +0.80% |
| 10/13/2025 6:26:53 PM | medium term cautious up | 20 days later | +2.09% | +1.04% |
| 10/9/2025 2:13:08 AM | medium term sharp up | 20 days later | +1.04% | +1.56% |
| 8/29/2025 2:18:36 PM | short term sharp down | 6 days later | -5.40% | +8.10% |
| 8/15/2025 11:30:11 PM | medium term cautious down | 21 days later | -6.80% | +3.40% |
