🚨 Sorry I missed Wednesday. I was working through version 37 of the financial pro forma for my $10 billion data center fund.

At this point, the spreadsheet has developed its own investment committee.📉 Wall Street received a reality check. The Dow fell more than 1,150 points, the S&P 500 lost 1.5%, the Nasdaq dropped 1.7%, and oil surged as geopolitical risk returned to the inflation equation. 🏦 The Fed held rates, but the bond market raised them anyway. The target rate remained at 3.50% to 3.75%, while the 30 year Treasury yield moved above 5.20%. That is a direct threat to mortgages, permanent debt, infrastructure financing, and long duration valuations. 🤖 Microsoft and Meta gave investors two very different AI lessons. Microsoft reported $90 billion of revenue and 43% Azure growth. Meta grew revenue 28%, but expenses climbed 55% and operating margins compressed sharply. ⚡ Power remains the real data center asset. Nvidia’s reported lease structure supporting a one gigawatt Texas campus shows how credible offtake can convert power rights into investment grade infrastructure financing. 🏠 Housing remains trapped between prices and payments. Mortgage applications fell 6.4%, purchase applications declined 4%, and refinance applications dropped 10% as conforming mortgage rates reached 6.76%. 🏢 Commercial real estate credit is reopening, but only for financeable assets. Major banks are increasing CRE loan exposure, with capital concentrating around multifamily, logistics, industrial assets, and data center development. 💼 Today’s deals include Grant Thornton’s $5 billion acquisition of CBIZ and Bloomberg’s agreement to acquire Canoe Intelligence. The Bloomberg transaction is especially important for family offices because private market data, risk, and portfolio visibility are becoming institutional infrastructure. 🔥 Today’s hot sales idea: Stop asking data center sponsors whether they need money. Ask whether they have firm power, a delivery date, an offtaker, a complete capital stack, and a credible downside case.Listen, subscribe, share, and tag someone who needs a sharper daily briefing on capital markets, real estate, infrastructure, rates, policy, and where serious money is actually moving.Until tomorrow, be the best human you can be.~ Teresa GrobeckerSign up for the daily newsletter on LinkedIn.Read on LinkedIn https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7354236980961886208Listen to GRO MONEY NEWS https://podcasts.apple.com/us/podcast/gro-money-news/id1833953369GRO GROUP Brought to you by GRO Group, we are actively looking to place $5B of equity financing in 2026 for qualified Master Builders in major MSA territories. We offer multiple financing options, including up to 100% for developments, data centers, and solar projects.GRO MONEY PODcast and the accompanying newsletter are provided for informational and educational purposes only and do not constitute financial, investment, legal, tax, or accounting advice. Nothing herein is an offer to sell or a solicitation of an offer to buy any security or to participate in any investment strategy. Reliance upon any information provided is at your sole discretion and risk. Views expressed are those of the authors as of the publication date and may change without notice. While sources are believed to be reliable, no representation or warranty is made as to accuracy, completeness, or timeliness, and no duty to update is assumed. Past performance is not indicative of future results. Receipt of this content does not create a client, advisory, fiduciary, or brokerage relationship. You should consult your own licensed financial, legal, and tax advisers regarding your specific circumstances. Grobecker Holland International, its affiliates (including GRO GROUP), and their principals may hold positions or have business relationships related to companies or assets discussed.