---
title: "Watch: The CapEx Payoff, Fiscal Squeeze & Fragile Positioning"
description: Ryan Mumy and Justin Greenhill cover the trends shaping markets right now
---

[Blog](https://big3planning.com/blog)

# [Watch: The CapEx Payoff, Fiscal Squeeze & Fragile Positioning](https://big3planning.com/blog/watch-the-capex-payoff-fiscal-squeeze-fragile-positioning)

 Written by [BIG 3 PLANNING](https://big3planning.com/blog/author/big-3-planning) | 2026 Sep 3

Ryan Mumy and Justin Greenhill cover the trends shaping markets right now, including:

In this episode:

- Corporate profit margins hitting a new high, fueled by a record wave of capital spending
- Nvidia's profit margins pushing past 60% while its valuation multiple keeps compressing

- The federal deficit and interest payments closing in on levels last seen decades ago
- Bond yields reacting sharply to the new Fed chair's first months in office
- Consumer spending stalling out even as corporate spending hits new highs
- Monthly retirement account inflows reaching a 25 year high
- The market sitting right at the edge of a shift into negative gamma
- Asian investors funneling record capital back into their home markets
- Oil prices holding steady despite a shutdown of the Strait of Hormuz
- Gold, silver, and Bitcoin reacting to the latest moves in the debasement trade

 

[View full post](https://big3planning.com/blog/watch-the-capex-payoff-fiscal-squeeze-fragile-positioning)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "BIG 3 PLANNING"
  },
  "dateModified" : "2026-09-03T15:33:16.229Z",
  "datePublished" : "2026-09-03T15:33:16Z",
  "headline" : "Watch: The CapEx Payoff, Fiscal Squeeze & Fragile Positioning",
  "image" : {
    "@type" : "ImageObject",
    "height" : 802,
    "url" : "https://51489716.fs1.hubspotusercontent-na1.net/hubfs/51489716/WhatsApp%20Image%202026-09-03%20at%2010.30.44%20AM.jpeg",
    "width" : 1962
  },
  "mainEntityOfPage" : "https://big3planning.com/blog/watch-the-capex-payoff-fiscal-squeeze-fragile-positioning",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Blog"
  }
}
```