Henrietta Pacquement sees increasing likelihood of a rate hike due to persistent inflation from Middle East conflict and a strong economy. She is adding to short-duration positions as yields become attractive, while avoiding the long end due to multiple uncertainties.

Wei Li sees a healthy debate on AI earnings durability but remains overweight, citing strong revenue growth and high incremental margins. She notes diversification is getting harder and recommends scenario-based hedging.

Matt Bloxham analyzes China's $295B data center plan as a statement of intent but notes it is small vs US hyperscaler spending. He discusses OpenAI's confidential IPO filing, suggesting they may want to complete product work privately before going public.