Good morning NYC. Key highlights for 2026-11-11:
- US stocks fell on hotter-than-expected inflation data, pushing the 10Y yield above 5% and 2Y yield up 18 basis points as the dollar strengthened 0.5%, stoking rate hike concerns.
- CoreWeave beat Q3 revenue estimates and raised guidance, providing relief to AI infrastructure concerns despite broader weakness from SoftBank's $3.7B write-down and OpenAI's expanding losses.
- Anthropic is pursuing a $65B-$90B IPO at a $1.5T+ valuation despite market pressures, while investors are pricing in only a 50% probability of Marvell and Lumentum's $115B deal closing.
- Nvidia shares are poised to rebound sharply following recent declines on CEO Jensen Huang scandal, driven by renewed AI sector confidence and positive signals from US-China trade discussions.
- Hospital stocks (HCA Healthcare, Universal Health Services, Tenet Healthcare) rallied 10%+ since midterms on expectations that Democrats in Congress will reverse Medicaid cuts and restore ACA subsidies, which could restore 15-20% of earnings for major providers.