05/18/2026
The market spent months pricing in rate cuts and endless AI optimism… then the bond market reminded everyone who’s in charge.
Treasury yields surged late last week, stocks rolled over, and suddenly investors began asking whether the next Fed move could actually be a hike rather than a cut.
AI infrastructure is ultimately dependent on financing. If rates stay higher for longer, eventually companies and consumers will slow spending. That impacts demand for everything from servers to chips from Nvidia, AMD, Micron, Intel, and beyond.
At the same time, SpaceX mania is reaching levels I have never seen before. We respect the company, leadership, and the long-term potential of the space economy, but position sizing matters. Exposure may make sense. Overexposure may create unnecessary risk.
Innovation investing can create tremendous wealth over time… but only if you survive the volatility that comes with it.
The daily Building Your Life Morning Update is brought to you by John Browning and Guardian Rock Wealth out of West Palm Beach, Florida. You can find the link to listen in the comments below.