The Active Pivot: When Monetary Decoupling Meets Orbital Capitalism

Today's episode examines the breakdown of traditional 60/40 portfolios as rising interest rates and supply-side shocks decouple equity and fixed-income correlations. We analyze the structural implications of the upcoming SpaceX IPO, the intensifying competition for global energy resources, and the massive capital intensive re-engineering of the global industrial base. Read this edition in full at https://www.pers-int.com/?digest=Macro%2C%20Geopolitics%2C%20Investing%20Evening%2FCompact_Digests%2Fdaily_digest_compact_2026-05-27_17-30-15.html&channel=Macro%2C%20Geopolitics%2C%20Investing%20Evening&latest=1 0:00 - Introduction 0:37 - Monetary Policy and the Fixed Income Outlook 8:04 - The New Space Race and Orbital Capitalism 12:08 - Geopolitical Flashpoints and Global Energy Security 15:13 - The AI-Driven Industrial Renaissance 18:07 - Real Estate Resilience and Urban Shifts 20:30 - Conclusion Referenced sources: - "Benefit Street Partners' Michael Comparato - the opportunity in commercial real estate credit" (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets) - "China Pressures Europe, Blair Slams Labour, Switzerland's Population Cap" (Bloomberg Daybreak: Europe Edition) - "Lilly to Buy Three Vaccine Developers for Up to $3.8 Billion" (Bloomberg Intelligence) - "Bloomberg Surveillance TV May 27th, 2026" (Bloomberg Surveillance) - "Equity Push amid Bond Warnings" (Bloomberg Surveillance) - "Single Best Idea with Tom Keene James Stavridis and Sheila Kahyaoglu" (Bloomberg Surveillance) - "Bloomberg Surveillance TV May 26th, 2026 (Podcast)" (Bloomberg Surveillance) - "Home Alone inflation and the new Fed chair; investing in China's AI ecosystem; Prediction markets" (Eye On The Market) - "EM Lens Dispersion Creates Cleaner Entry Points in EM Debt" (FICC Focus) - "How This Real Estate Investor is Betting on an AI Boom (It's Not Data Centers) Tom Shapiro" (Monetary Matters with Jack Farley) - "Marc Rowan on Private Markets, Software Repricing, and Capital Allocation" (The a16z Show) - "Asia's Capex Boom Goes Beyond AI" (Thoughts on the Market) - "IL49 The Space Economy Is No Longer Science Fiction ft. Rainer Zitelmann" (Top Traders Unplugged) - "CIO Fixed Income Roundtable Podcast Series - 2Q26 update and outlook" (UBS On-Air: Market Moves) - "UBS On-Air Paul Donovan Daily Audio 'Idle speculation'" (UBS On-Air: Market Moves) - "SpaceX nears lift-off" (Unhedged) This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.