The stances below are c8alpha's editorial distillation of Torsten Slok's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Torsten Slok is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
2026-10-28
FED RATE HIKES
bullish
Bloomberg TV (uncut) · uncut_tv
The Fed should raise rates because inflation pressures are broadening while jobless claims, openings, and other labor indicators remain strong.
“That would argue for a rate hike today.”
Bloomberg TV uncut 2026-10-28 13:30 ET (30 min)
2026-10-23
Ai Infra
bearish
CNBC (uncut) · uncut_tv
Supply chain bottlenecks for transformers, curtain wall, and other components — with wait times up to 20 months — will delay data center construction and have negative consequences for equity holders in data centers
“which will have negative consequences for the equity holders in data centers”
CNBC uncut 2026-10-23 10:07 ET (5 min)
2026-10-22
USTS
bearish
Bloomberg TV (uncut) · uncut_tv
Strong labor data, broadening inflation and Taylor-rule estimates favor higher policy rates, making delayed Fed hikes likely to be caught up later.
“There's some catch-up likely coming later on, especially if we look into December and 2027.”
Bloomberg TV uncut 2026-10-22 07:29 ET (30 min)
Said again: 2026-10-22 (Torsten Slok (newest))
2026-10-22
AI DATA-CENTER CREDIT
bearish
Bloomberg TV (uncut) · uncut_tv
Widening credit spreads and insufficient power capacity are likely to curtail AI data-center financing, construction and associated economic growth.
“Credit markets are beginning to vote with their feet.”
Bloomberg TV uncut 2026-10-22 07:29 ET (30 min)
2026-10-22
Long Dur Treasuries
bearish
Torsten Slok (newest) · video
Taylor rule implies the Fed should already be hiking; current pause creates catch-up risk with rates moving higher into December and 2027, especially as labor market and inflation remain hot
“your Taylor rule mass equation… should say that rates should actually be going higher… some catch-up likely coming later on”
Bloomberg Surveillance TV: October 22nd, 2026 | Bloomberg Surveillance
Said again: 2026-10-23 (CNBC (uncut)), 2026-10-23 (CNBC (uncut))
2026-10-22
USTS
neutral
Bloomberg Surveillance · video
Credit spreads on data center bonds are widening as markets question whether AI revenue economics can justify the buildout, creating a funding constraint that will curtail AI infrastructure spending more than Fed rate policy ever could
“a lot of data center bonds are trading down”
Bloomberg Surveillance 10/22/2026
2026-07-09
LONG-DURATION TECH AND SOFTWARE EQUITIES
bearish
CNBC Television · video
Rate shock is not over — sustained core inflation (decoupled from falling oil) will keep rates higher for longer, which directly compresses NPV of long-duration cash flows concentrated in tech and software
“tech, software, anything that has long duration cash flows are going to be more sensitive now”
Significant slowdown in AI payoff could tip economy into a recession, says Apollo Global's Slok
2026-07-07
long Investment Grade Credit / short USTS
pair
Bloomberg Television · video
Hyperscalers issuing $700B+ in IG corporate debt are structurally crowding out investment-grade bond managers' demand for US Treasuries, as IG buyers now substitute hyperscaler paper for sovereigns and financials
“the hyperscalers are issuing so much IG corporate debt that this is crowding out demand for US treasuries”
90d -0.1%
Slok Says Profit Margins Outside Mag 7 Need to Rise
2026-07-07
VALUE STOCKS
bullish
Bloomberg Television · video
AI concentration is now the dominant factor across equities, IG credit, high yield, and venture capital, so value stocks — which do not embed an AI productivity premium — provide downside protection if AI fails to deliver the profit margin expansion investors…
“value investing is indeed one place to hide”
Slok Says Profit Margins Outside Mag 7 Need to Rise