The Morning Dose

Morning Dose #379: AI Spending Meets Five Percent Yields – Wednesday 11/11/2026

Episode 3795:28

0:005:28

Episode summary

With the Treasury market closed for Veterans Day, the hosts describe a cautious regime: a hot October CPI and 10-year yields near 4.98% pull against an AI infrastructure rebound driven by CoreWeave and TSMC. Market breadth is contracting, so they urge smaller sizing and want QQQ to reclaim its 200-day average.

Key points

  • Only 58.55% of stocks are above their 40-day SMA, down from 60.27%, so breadth is contracting.
  • The 4% gauge showed 150 bulls versus 309 bears on Tuesday, a sharp flip from Monday's broad strength.
  • Action codes for today are CRT (controlled risk taking) and T3A (think three days ahead).
  • QQQ at $674.76 sits below its 200-day moving average of 681.63, which must be reclaimed before trusting the rally.
  • The AI bounce must spread beyond semiconductors, and the 30-year auction when the bond market reopens is a risk to gap-ups.

Ticker charts

CRWV

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open CRWV in WaveFinder.

Daily bars through Nov 10, 2026.

TSM

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open TSM in WaveFinder.

Daily bars through Nov 10, 2026.

CME

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open CME in WaveFinder.

Daily bars through Nov 10, 2026.

AKAM

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open AKAM in WaveFinder.

Daily bars through Nov 10, 2026.

QQQ

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open QQQ in WaveFinder.

Daily bars through Nov 10, 2026.

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