CapEx is the name of the AI game, according to Jack Janasiewicz. He explains how the reaction to earnings from Amazon (AMZN), Alphabet (GOOGL), Meta Platforms (META) and Microsoft (MSFT) highlight investors emphasizing ROI and how companies are justifying all the spending. Jack then talks about why he sees the Fed being stuck between a "rock and a hard place" for the foreseeable future. He then turns to fixed income markets and whether it still makes sense for investors to keep bonds tied to their portfolios.