Upbeat, ignoring risks
This week’s market dynamics highlight a striking disconnect: the S&P 500 flirts with all-time highs while underlying economic indicators signal slowing growth, job losses, and rising debt nearing $40 trillion. The US dollar tests critical technical support, Japanese yields climb toward 1.95%, and the Fed’s upcoming policy moves remain under close scrutiny. Tech and AI investments continue to mask deeper macroeconomic vulnerabilities, with AI now contributing significantly to US GDP growth.
In Asia, Moore Threads Technology stole the spotlight with a near 500% surge on its Shanghai debut, reflecting both investor enthusiasm and China’s push for a homegrown AI-GPU ecosystem....