Morning Dose #333: Oil vs. Yields: Navigating a Split Tape – Thursday 9/3/2026

Episode summary

Crude oil spikes toward $93 on Hormuz tanker escalation while the 10-year yield falls, setting up a tug-of-war across markets. The hosts break down improving-but-unconfirmed breadth, the brutal AI earnings bar exposed by Snowflake and Broadcom, and a controlled-risk playbook centered on materials and internet rotation.