Squawk on the Street · Oct 19, 2026
With Anastasia Amoroso, Chief Investment Strategist at Partners Group
Partners Group titled its fourth-quarter chart book "Higher for Longer," Anastasia Amoroso, the firm's chief investment strategist, told Squawk on the Street. She still came away from last week's bond-market selloff more positive on stocks, not less.
The selloff was driven by fears that rising yields would make the AI build-out too expensive to finance. Anastasia said most of the companies doing the borrowing are in a position to absorb it.
"I think I feel better about the market after the clearing that we had last week." — Anastasia Amoroso
Anastasia is chief investment strategist at Partners Group, a private-markets investment manager, and she flagged two events this week that could move stocks.
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Here are the 4 calls that matter.
Key Takeaways
The largest cloud companies have room to borrow more for AI, from low leverage and strong interest coverage
Wider credit spreads at CoreWeave do not raise every project's cost of debt, because much of it is fixed and hedged
Long-term yields stay "higher for longer" on debt-to-GDP ratios and budget deficits
Nvidia's GTC conference and Meta's earnings this week could lift the market
1. Better After the Selloff
Anastasia said she feels better about the market after last week's selloff, which was driven by rising bond yields and a jump in credit spreads tied to CoreWeave. The worry had been specific.
Anastasia Amoroso says the selloff centered on what higher borrowing costs do to AI spending
"We did worry about the higher cost of debt and what that's going to do to the AI build-out." — Anastasia Amoroso
She gave several reasons the selloff may have overstated that risk.
