Viewpoint: Analysts Unconcerned About MSCI, Bullish Consensus for MSTR Remains Solid

A US bank warns that the AI investment boom is exhibiting signs of classic capital cycle risks: surging spending, intensifying competition, and falling prices. Capital expenditure expectations for large-scale cloud providers have jumped from $330 billion to $1 trillion, roughly equivalent to 3% of U.S. GDP. Meanwhile, AI token prices have dropped approximately 50% since summer, and growth in usage may not translate to sufficient revenue. The key risk is that AI technology could succeed, yet investors will be harmed by overinvestment and declining returns.

According to monitoring by Whale Alert, Circle minted an additional 250 million USDC on Solana at 20:21 Beijing Time today.

Strategy announced that its variable-rate Series A perpetual preferred stock (STRC) has conditionally declared daily dividends for the period November 1 to November 30, 2026, with the annualized regular dividend rate remaining at 12.00%. The arrangement is contingent on Strategy shareholders’ approval of the daily dividend amendment at its special general meeting on October 28, as well as the completion and entry into force of the relevant preferred stock term revisions. If the conditions are met, STRC will use calendar days as dividend record dates starting November 1, including weekends and U.S. public holidays; corresponding dividends will be paid on the next business day following the applicable record date. This adjustment will change STRC’s cash flow rhythm. The product currently operates on a twice-monthly dividend distribution mechanism; going forward, holders will receive more frequent, smaller individual dividend payments. Strategy stressed that the adjustment will not alter the annualized dividend rate or total annual dividend amount. Should the amendment fail to pass, STRC will continue its existing semi-monthly dividend distribution schedule. Per the proposed terms, the 12% rate will apply to the entire month of November; thereafter, STRC’s applicable dividend rate will be determined monthly, with the company required to announce the next month’s rate by the 15th day of the preceding month.

Bank of Japan Governor Kazuo Ueda said the central bank will continue raising interest rates, as underlying inflation is near 2% and financial conditions remain accommodative.

Glassnode shared data on social media that during yesterday’s BTC price decline, seller capitulation reemerged. Each wave of loss-driven sell-offs aligned perfectly with local bottoms: early August, mid-August, and mid-September. Profit-taking has slowed since the September peak. If this pattern holds, the sell-off that occurred slightly above $80,000 yesterday would signal the bottom.

A new Bank of America report shows U.S. stock funds recorded another $39 billion in weekly inflows, putting the annualized inflow on track to reach $636 billion this year, a record high. U.S. Treasuries have logged inflows for 16 consecutive weeks, the longest stretch since August 2024. However, Bank of America’s strategy team led by Michael Hartnett remains "risk-averse", citing rising real yields, price movements in AI and bank stocks, and potential volatility from the midterm elections. EPFR data indicates global stock funds drew around $64.5 billion in inflows in the week ended October 14. U.S. large-cap stocks saw $32.5 billion in inflows, while growth, value, and small-cap stocks posted inflows of $1.6 billion, $1.2 billion, and $1.1 billion respectively. Tech stocks led with $10.7 billion in inflows, while financial and consumer stocks saw outflows of $1.4 billion and $0.6 billion respectively. Emerging markets recorded $17.7 billion in inflows, Japan drew $0.4 billion, and Europe saw outflows of $1.5 billion. Safe-haven assets were also popular: U.S. Treasuries drew $3.6 billion in inflows, investment-grade bonds $3.5 billion, municipal bonds $4.5 billion, and emerging market bonds $0.8 billion. High-yield bonds saw outflows of $0.9 billion for the third straight week. Cash funds saw outflows of $53.1 billion, gold drew only $0.1 billion in inflows, cryptocurrencies saw outflows of around $0.6 billion, and bond funds as a whole posted $11.8 billion in inflows. The fund flows stand in contrast to the cautious stance of Bank of America’s strategists.