Is Inflation About to Derail the Rally? With Andreas Steno | Macro Mondays: October 19, 2026

Real Vision3 hours ago24:20

Andreas Steno of Steno Research is flying solo on this week's Macro Mondays, breaking down the latest inflation signals and what they mean for the market outlook. With energy prices and input costs rising, is another inflation shock on the horizon — and could Kevin Warsh be focusing on the wrong inflation measure? Andreas also examines the latest business cycle data, why he's not ready to turn bearish on equities just yet, and what renewed pressure in France's bond market could mean for European investors. 🏆 The Real Vision Trading is now open! The best trade ideas on the platform compete for $80,000 in cash. 📈 Trading League: https://realvision.com/your-future Timestamps: 00:00 - France Is Burning — But Is the Market Panic Overdone? 02:30 - French Bond Stress: Why Credit Markets Are Turning on France 04:23 - AI Credit Stress: Is the Data Center Buildout Finally Breaking? 05:14 - Extreme Fear, Record Hedging, and the Midterm Setup 07:30 - Why This AI Selloff Is More Fundamental Than the Last Ones 08:26 - Hot CPI and PPI — So Why Did Bond Yields Fall? 09:38 - Positioning Is Crowded: Bonds, Energy, Dollar, and AI 11:30 - Inflation Peak Ahead? Why October Could Be the Turning Point 14:35 - Are the Mag 7 Really About to Cut AI CapEx? 15:41 - Compute Prices Are Rising — and That Changes the AI Bear Case 18:04 - DeepSeek Banned From US Government Systems: A New AI Trade War? 20:12 - Hiking Cycles, Credit Stress, and the Timing of the Next Trade 21:05 - Why Inflation and the Midterms Could Set Up a Q4 Rebound Elevate your brand with Real Vision. Connect with us at [email protected] to explore advertising possibilities. About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. Connect with Real Vision™ Online: Website: https://www.realvision.com/join Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram LinkedIn: https://rvtv.io/linkedin 👉 Join our Discord channel and meet like-minded people: https://discord.gg/FTQsrUhD9Z Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf Music license ID: WJ6TRPVHFD #macromondays #macro #mikkelrosenvold #andreassteno #stenoresearch #markets #investing #stocks #stockmarket #fed #bonds #treasuries #usdollar #dxy #liquidity #ai #interestrates #trading #realvision #federalreserve #ratehikes #cpi #inflation

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Is Inflation About to Derail the Rally? With Andreas Steno | Macro Mondays: October 19, 2026 | PiQ Markets