Tony Drake Says December Rate Hike Near 'Certainty,' Looking for AI Cash Flow Investments

Tony Drake, CFP and CEO at Drake & Associates, says a December interest rate hike is "a near certainty" after Tuesday's hot CPI print underscored that inflation is not fading quickly. He says high financing costs will weigh on corporate profits, and higher bond yields reduce the price investors are willing to pay for future earnings. This puts investing time frame, strong balance sheets, and cash flow in focus, especially for AI businesses, he adds.

Trading 360

10 Nov 2026

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