Core Viewpoint - NiSource (NI) shares have increased by approximately 17% over the past year, driven by positive sentiment regarding power demand from AI data center developments [1] - However, shares have recently declined by about 7% from their peak levels due to rising concerns [1] Group 1 - The company has experienced a solid performance in the stock market, attributed to optimism surrounding the AI sector [1] - The recent pullback in share price indicates potential market volatility or changing investor sentiment [1]

Core Viewpoint - NiSource (NI) shares have increased by approximately 17% over the past year, driven by positive sentiment regarding power demand from AI data center developments [1] - However, shares have recently declined by about 7% from their peak levels due to rising concerns [1] Group 1 - The company has experienced a solid performance in the stock market, attributed to optimism surrounding the growth in power demand [1] - The recent pullback in share price indicates potential market volatility or changing investor sentiment [1]

Economic Growth - The third quarter GDP increased by 4.3%, exceeding expectations by a full percentage point, primarily driven by consumer spending which rose by 3.5%, largely due to healthcare spending [2][4] - The economy is projected to grow at around 3% in the fourth quarter, which would result in an annual growth rate just under 3% for the year [4][5] Consumer Spending - Consumer goods spending in real terms increased by over 3%, with recreation and transportation spending both rising around 7% [3] - There was a broad-based gain in consumer spending services, supported by strong holiday shopping trends [3] Business Investment - Capital expenditures (capex) grew over 5%, although business investment slowed to 2.8% from a previous 7% [5] - Investment in non-residential structures contracted at a pace of 6.3%, attributed to high interest rates and uncertainty regarding future guidelines for factory expensing [5][8] Interest Rates and Monetary Policy - The Federal Reserve may continue to lower interest rates if the economy sustains a 3% growth pace, as this could lead to lower inflation [12][14] - Current economic conditions suggest that the Fed's monetary policy could become more accommodative, especially if real rates rise while inflation falls [12][14] Labor Market Dynamics - There is a noted decoupling between GDP growth and job market performance, with a temporary lag in job creation despite strong GDP figures [14][17] - The private sector has shown significant GDP growth, which is expected to lead to increased hiring and higher-paying jobs in the future [17][20] Consumer Sentiment - Despite strong GDP growth, consumer sentiment has declined to levels not seen since April, with many consumers feeling the impact of rising costs [18][19] - The expectation is that job growth and higher wages will improve affordability issues for American families over time [19][20]

Data centers now under some growing pressure, not just in the markets, but also on Capitol Hill. Three Democratic senators, Elizabeth Warren, Chris Van Galand, and Richard Blumenthal are investigating big tech's role in rising power costs. Our dear DBosa is digging into that in today's tech check.Hey D. >> Hey, morning Carl. So, this opens up a new front of risk for the AI trade.Wall Street, yes, it's already started pricing in the financial side of the AI buildout, but what is not yet priced in is a politi ...