Narrative Cycle · Week 45 · 2–6 Nov 2026
Lame-duck fiscal tail risk under the radar as gridlock and anti-AI themes build
It maps fiscal tail risk, post-midterm gridlock, Iran de-escalation and oil risk-premium unwind, AI credit stress, and anti-AI rotation into India, Europe, cash, gold.
16 min read · Professional
The report finds lame-duck fiscal tail risk under the radar, while post-midterm gridlock, Iran de-escalation and oil risk-premium unwind, and anti-AI rotation build momentum. It also finds modest spread widening in AI/neocloud credit and rotation into India, Europe, cash, gold.
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