The world-changing narative around AI has hooked up with the Fed’s determination to provide liquidity, even during a rate-raising cycle.
Articles
Corporate governance is far better and sustained growth may finally be here, but how high the sun rises this time depends much on the yen.
A breakout past 4,200 meets resistance as this rally’s dependence on the tech giants makes allocators nervous.
The 2011 experience shows that the US didn’t need actual default to take a severe beating. And this time, there isn’t low inflation to soften the blow.
The debt ceiling debate now demands to be taken seriously, which explains a bad day for stocks in New York. Rather than worry about the so-called X-date, when default can no longer be avoided (possibly as soon as Thursday of next week), it makes more sense to plan for what happens the day after. X+1 Day, if you will, matters a lot.
Markets in the rear areas are yawning as the debt limit talks play out, but it’s a different story where the tripwires are.
The gains are jaw-dropping and everyone’s rushing to the AI bandwagon. But pause to reflect on the early internet and first-movers who didn’t survive.
And comparison with old rival Greece is an instructive study in pain management, currency independence, and electoral outcomes.
The strong surge by AI and tech mega caps that’s powering indexes can historically be expected to spread to smaller companies.
The potential is obvious. Still, winners and losers will take time to sort out. Plus: South Korea looks for promotion out of EM.