According to @lisaabramowicz1, the Financial Times reports that OpenAI’s data center partners are on track to amass nearly $100 billion in borrowing tied to scaling ChatGPT infrastructure while OpenAI remains loss-making, highlighting rising credit exposure around the OpenAI ecosystem, source: Lisa Abramowicz on X; Financial Times. Microsoft is the pivotal counterparty to OpenAI via a multi‑year, multibillion‑dollar partnership and AI supercomputing buildout, making MSFT’s AI capex and guidance a key focus for equity and credit traders, source: Microsoft “Microsoft and OpenAI extend partnership” announcement dated Jan 23, 2023; Microsoft Investor Relations FY2024 materials. Funding reliance is evident among AI compute providers, with CoreWeave securing $7.5 billion in debt financing in 2024 to expand Nvidia GPU capacity, underscoring how AI buildouts are being levered in credit markets, source: CoreWeave press release dated May 1, 2024. For crypto exposure to the AI theme, RNDR powers the Render Network for GPU rendering, AKT is the utility for Akash’s decentralized cloud used for high‑performance compute, and FET underpins Fetch.ai’s autonomous agent network, giving traders on‑chain proxies linked to AI infrastructure and agents, source: Render Network documentation; Akash Network documentation; Fetch.ai documentation. Relevant disclosures to track include MSFT earnings commentary on AI capex, and data‑center operator updates from Equinix and Digital Realty that have cited AI as a demand driver in 2024, alongside ongoing coverage of the reported $100 billion debt trajectory, source: Microsoft Investor Relations FY2024 earnings materials; Equinix Q2 2024 investor presentation; Digital Realty 2024 investor presentation; Financial Times.

According to @lisaabramowicz1, U.S. continuing jobless claims have risen to the highest level since 2021 in the latest weekly claims report, signaling that unemployed workers are taking longer to find new jobs; source: @lisaabramowicz1 citing the U.S. Department of Labor. For trading, market participants closely watch how DXY, Treasury yields, and crypto majors such as BTC and ETH react around weekly labor data releases to gauge macro-liquidity sentiment; source: @lisaabramowicz1 referencing the U.S. Department of Labor claims report. Traders should monitor whether upcoming Department of Labor releases confirm a sustained uptrend in continuing claims to assess labor-market softening risks; source: U.S. Department of Labor via @lisaabramowicz1.

According to @lisaabramowicz1, Walmart’s earnings highlight two trading-relevant points: a planned switch from the NYSE to the Nasdaq to emphasize its technology positioning, and rising costs that are likely to flow through to consumer prices in the coming months, which traders should factor into inflation and margin expectations. source: @lisaabramowicz1 on X BTC and ETH have shown periods of positive rolling correlation with the Nasdaq in 2023–2024, so shifts in tech-equity risk sentiment from a Walmart-led tech narrative can spill over into crypto volatility and directional bias. source: Kaiko Research 2024 If retail prices rise, they feed directly into CPI components per official methodology, making Walmart’s cost pass-through a potential near-term input for inflation-trackers and rate expectations. source: U.S. Bureau of Labor Statistics, CPI Handbook Historically, stickier inflation and higher real yields have been associated with headwinds for digital asset returns and increased volatility in BTC and ETH, reinforcing the need to monitor inflation-sensitive catalysts. source: Coinbase Institutional Research 2023; ARK Invest, Big Ideas 2023 Trading takeaway: Watch for timing and magnitude of Walmart price pass-through, gauge Nasdaq risk tone for crypto correlation, and manage BTC/ETH exposure into CPI and rates events if retail price pressures materialize. source: @lisaabramowicz1 on X; Kaiko Research 2024; U.S. BLS CPI Handbook; Coinbase Institutional Research 2023

According to @lisaabramowicz1, the November Bank of America Global Fund Manager Survey shows investors holding about 3.7% cash, among the lowest in modern history, indicating very low liquidity buffers among funds (source: Bank of America Global Fund Manager Survey via @lisaabramowicz1). BofA reports that cash levels at 3.7% or lower have occurred 20 times since 2002 and, on every occasion, equities fell while US Treasuries outperformed over the subsequent 1 to 3 months (source: Bank of America Global Fund Manager Survey via @lisaabramowicz1). This points to crowded risk-on positioning and historically elevated near-term drawdown risk for stocks with a relative tilt toward duration, based on BofA’s historical hit rate (source: Bank of America Global Fund Manager Survey via @lisaabramowicz1). The source did not provide cryptocurrency specific data; any crypto desk read-through would rely on the same cross-asset risk sentiment indicated by the survey’s equity downside and Treasury outperformance signals (source: Bank of America Global Fund Manager Survey via @lisaabramowicz1).

According to Lisa Abramowicz, Blue Owl’s shares led losses among private credit firms, falling 5.8% yesterday and 28% over the past two months, based on her X post on Nov 18, 2025 citing a Bloomberg report. The same sources state Blue Owl has invested heavily in data centers, with about 25% of its fund in real estate and digital infrastructure, and has limited some redemptions, per Bloomberg as referenced by Abramowicz. The cited sources did not discuss cryptocurrency market impact.

According to Lisa Abramowicz, bond issuance has surged since September, highlighting rapid expansion in debt used to finance artificial intelligence initiatives, source: Lisa Abramowicz on X. She adds that global data center financing is expected to approach nearly 3 trillion dollars through 2028, reflecting Wall Street concerns about an AI spending bubble, source: Wall Street Journal as cited by Lisa Abramowicz. For traders, elevated AI-linked financing intensity is a key macro risk input for tech and correlated risk assets, with potential spillovers to crypto given the documented post-2020 equity-crypto co-movement, source: IMF Global Financial Stability Note 2022 and Wall Street Journal.

According to @lisaabramowicz1, Wall Street strategists remain bullish into 2026 despite AI-bubble concerns, with Morgan Stanley’s Mike Wilson setting a 12-month S&P 500 target of 7,800 and JPMorgan Private Bank strategists outlining a 7,200–7,400 base case and an 8,200 bull case by year-end 2026, according to @lisaabramowicz1. For trading, these cited S&P 500 levels provide clear macro reference points that risk-on markets can track, and crypto traders can monitor these milestones as sentiment gauges using the levels reported by @lisaabramowicz1.

According to Lisa Abramowicz, Applied Digital struggled to place a junk-bond deal and had to offer ~10% yields to attract buyers, signaling weak demand for the issuer’s new high-yield paper, source: Lisa Abramowicz on X; Bloomberg. She notes Applied Digital provides data center services to CoreWeave, which in turn serves Nvidia and OpenAI, linking the challenged bond sale to the broader AI compute infrastructure supply chain, source: Lisa Abramowicz on X. For trading, the reported 10% yield reflects an elevated risk premium for AI data center credits that can inform relative-value and spread risk assessments across similar AI-infrastructure issuers, source: deal terms and placement difficulty reported by Lisa Abramowicz on X; Bloomberg.

According to @lisaabramowicz1, tech bonds are selling off as debt traders question whether they are footing the bill for equity market enthusiasm, indicating broad pressure in the sector (source: @lisaabramowicz1). According to @lisaabramowicz1, Oracle’s $3.5 billion 30-year bond issued in September has fallen 8% from its October peak, underscoring notable weakness in long-duration tech credit that traders should track for risk management and pricing (source: @lisaabramowicz1).

According to @lisaabramowicz1, annual US corporate bankruptcy filings are on track to be the highest since 2010, signaling rising default risk into year-end. Source: https://twitter.com/lisaabramowicz1/status/1989064017693073491 S&P Global Market Intelligence reports bankruptcies ticked up in October, pushing annual filings near a 15-year high in 2025. Source: https://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/11/us-corporate-bankruptcies-tick-up-in-october-annual-filings-near-15-year-high-94917533 The update highlights that more 'isolated incidents' could emerge, including in software, underscoring sector-specific credit stress to monitor. Source: https://twitter.com/lisaabramowicz1/status/1989064017693073491 Rising corporate distress is historically associated with wider US high-yield credit spreads and tighter financial conditions, a risk-off backdrop for equities and other risk assets. Source: Federal Reserve Financial Stability Report, October 2023, https://www.federalreserve.gov/publications/2023-october-financial-stability-report.htm For crypto markets, higher risk aversion has been linked to stronger co-movement between BTC, ETH and equities, implying potential volatility spillovers during credit stress. Source: IMF blog "Crypto Prices Move More in Sync With Stocks," 2022-01-11, https://www.imf.org/en/Blogs/Articles/2022/01/11/crypto-prices-move-more-in-sync-with-stocks-risk-of-contagion-rises

According to @lisaabramowicz1, OpenAI aims to reach profitability only in 2030, while Anthropic targets 2028, setting a multi-year timeline before positive earnings for leading AI labs (source: @lisaabramowicz1 citing the Wall Street Journal). For the three months to Sept. 30, Microsoft’s reported share of OpenAI’s losses implies the startup lost more than $12 billion in the quarter, or over $4 billion per month based on that figure (source: @lisaabramowicz1 citing the Wall Street Journal; calculation based on the cited data). These reported timelines and loss figures are a concrete input for traders assessing AI-linked risk sentiment across equities and crypto narratives, including exposure tied to Microsoft’s partnership with OpenAI (source: @lisaabramowicz1 citing the Wall Street Journal).

According to @lisaabramowicz1, shorts are experiencing pain today, citing a Barchart post on X that highlights unfavorable conditions for short sellers (source: @lisaabramowicz1 on X). This signals elevated short-squeeze risk and intraday volatility in heavily shorted names, where forced covering can accelerate upside moves and widen spreads, requiring tighter risk controls and liquidity-aware order placement (source: @lisaabramowicz1 on X). No specific tickers or crypto assets were identified in the source, so traders should apply short-squeeze frameworks broadly across high short-interest equities and remain cautious about beta spillovers, while noting the source did not provide crypto-specific data (source: @lisaabramowicz1 on X).

According to @lisaabramowicz1, U.S. companies announced the most October job cuts in more than two decades, based on Challenger, Gray & Christmas figures reported by Bloomberg. According to Challenger, Gray & Christmas as cited by @lisaabramowicz1 and Bloomberg, AI adoption, softening consumer and corporate spending, and rising costs are driving belt-tightening, hiring freezes, and layoffs.

According to Lisa Abramowicz, about 85% of S&P 500 companies that have reported Q3 2025 earnings have surpassed profit estimates, the highest proportion in more than four years. Source: Bloomberg via Lisa Abramowicz on X. This indicates stronger-than-expected corporate profitability among the firms that have reported so far in Q3 2025. Source: Bloomberg via Lisa Abramowicz on X. Bitcoin and other crypto assets have exhibited increased co-movement with US equities in recent years, suggesting that positive US earnings cycles can influence crypto market sentiment and flows. Source: IMF Global Financial Stability Report 2022. Traders watching BTC and ETH can monitor S&P 500 futures and cross-asset momentum during the Q3 earnings window given the documented equity-crypto co-movement. Source: IMF Global Financial Stability Report 2022.