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Earnings week ahead: Nvidia without Jensen, Anthropic’s IPO, and the consumer meets a hiking Fed
Earnings season is supposed to be over. Instead, next week might be the most important of the quarter for the macro view. Nvidia reports days after losing its founder. Anthropic prices what could be the largest equity deal ever. And every major US retailer reports into a rate-hike cycle. October CPI came in hot at 0.4% headline and 0.3% core, a December hike is fully priced with a 12% chance of 50 bps, 10-year yields sit at 5.13% and Brent is above $98. The AI trade gets two tests in 48 hours: Nvidia’s guide on Tuesday and Anthropic’s pricing on Wed
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