Dan Niles Tilts Bearish: How OpenAI Revenue Revision & Treasury Yields Tell Same Story

By Schwab Network

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Dan Niles says he's currently bearish on the markets due to the Fed starting what he sees as a interest rate hiking cycle. Another central point of concern came Thursday when reports signaled OpenAI's annualized revenue will be $20 billion less than expected. Dan explains how the lower revenue expectations for the pre-IPO company creates a unique bear case for Meta Platforms (META), Amazon (AMZN), Alphabet (GOOGL) and other Mag 7 firms. It's a different case for Treasury yields, where Dan sees a bull case forming amid a slew of economic and macro headwinds. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch W