Nothing Matters in the Market Until It Does with Mike Tracey

About this episode

Learn more about Astraeus Wealth Management: ⁠http://astraeuswealth.com/partner-with-us⁠ Guy Adami welcomes Mike Tracey, Vice President of Risk at Apex Fintech Solutions, to discuss how credit and debt markets are increasingly driving equity action, with bond volatility and elevated yields pressuring the AI CapEx trade now funded more by debt. They examine revenue-whisper risk around OpenAI and Anthropic and describe Oracle as a tracking stock for OpenAI expectations, given its dependence on data-center buildouts. Despite the S&P 500 near highs and a VIX around 16, they argue dispersion and rotation are masking risk and that investors should watch more targeted measures like VXN and SMH volatility. The conversation highlights cybersecurity as a major “unknown unknown,” the fragility of hyperscaler CapEx “sanctity,” gold’s appeal amid persistent deficits, uninspiring Bitcoin flows, risks from short-vol positioning, and potential market impacts from midterm-election surprises and Middle East escalation feeding into inflation, yields, and corporate debt. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media The financi