- Bank of America's October 2026 Global Fund Manager Survey shows tech-sector allocation climbing to its highest level since August 2020 — even as nearly half of respondents expect an AI bubble to form by 2027, and Ray Dalio has just called the boom a "classic bubble" approaching its breaking point.
- Morgan Stanley projects AI-linked global bond issuance will approach $570 billion in 2026 — nearly double last year's full-year pace and four times faster through May than the equivalent period in 2025 — as Amazon and Alphabet race to tap debt markets from Tokyo to London.
- Q3 earnings season opens Tuesday with six major companies reporting, setting the table for the week of October 26–30, when Microsoft, Alphabet, Meta, Amazon and Apple — representing roughly one-third of the S&P 500's total market capitalization — face the industry's defining test: is debt-financed AI producing real commercial returns?
