Gulati Asset Management LLC.

10/07/2026

Bond yields hit a 24-year high. The 10-year Treasury touched 5.36% this morning before a strong $39 billion auction — with heavy foreign demand — pulled it back under 5.3%.

The Fed isn't done. Minutes from September's meeting, released today, show most officials expect another rate hike this year.

Consumers see more inflation ahead. The New York Fed's survey puts one-year inflation expectations at 3.9% — the highest since May 2023.

Washington targets farm equipment. The FTC and USDA launched a joint inquiry into competition in agricultural equipment markets. Caterpillar fell about 6%, with Deere, CNH and AGCO also sharply lower.

Stocks slipped from records. The S&P 500 and Nasdaq both eased off yesterday's record highs; the Dow fell nearly 0.7%. The average 30-year mortgage is hovering around 7.5%.

I'll keep these updates coming every couple of days.

— Ramesh

10/04/2026

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09/29/2026

Today at the White House, the heads of Anthropic, Google, Meta, Nvidia, OpenAI, and xAI signed a "morally binding" accord on AI self-regulation — with the President calling for "tremendous self-regulation" and no slowdown in development.

As an investor, here's what I'm watching: Washington just took near-term federal AI regulation largely off the table. That removes an overhang for the mega-caps driving this market. But "morally binding" is not legally binding — the real test is whether the promised audits and oversight actually happen.

Moments like this are why a portfolio needs a plan that doesn't depend on any single headline.

President Donald Trump said Tuesday that top tech executives had signed a new commitment aimed at better “self-policing” their companies’ AI models, arguing that the light-touch approach represents the best way to balance safety concerns with his desire to accelerate a technology that he’s d...