Good morning, you're listening to Markets Desk.
In the fixed income space, a warning worth heeding — Harley Bassman, a respected voice on Wall Street, is flagging deterioration ahead for mortgage-backed securities. A flattening Treasury yield curve is squeezing the math on these instruments, and Bassman's concern is that the contagion doesn't stay contained to the mortgage market.
Staying with markets, Jensen Huang is reframing how investors should think about Nvidia, calling it the world's first and only growth value stock. With seventy percent revenue growth forecast for next year, Huang is essentially arguing the valuation is justified on both dimensions simultaneously — a framing that could meaningfully shift how institutional money prices NVDA going forward.
And over at Tesla, the product pipeline is generating buzz, but analysts are urging caution. Robotaxi development continues to lag initial expectations, and experts warn that the gap between investor anticipation and actual delivery timelines could set up a disappointment cycle for shareholders banking on that autonomous future arriving on schedule.
That's the tape. Markets Desk, signing off the floor.
