AI Capex Fuels a Physical Infrastructure Boom

Markets are hovering near record highs as earnings spotlight a powerful shift from software hype to physical infrastructure, with Caterpillar, Boeing, and other hardware-linked names benefiting from AI-driven capex. The episode also weighs the bull and bear cases on consumer weakness, higher borrowing costs, and the day’s key macro catalysts, including ADP, ISM Services, and JOLTS. Show Notes Earnings Blitz, Peace Hopes Provide Early Boost: https://www.schwab.com/learn/story/stock-market-update-open