spread thinner. Outside tech, gold and silver surged as investors prepped for potential US rate cuts and reacted to geopolitics, like the US blocking sanctioned Venezuelan oil tankers. Currencies felt the turbulence too: the dollar powered up versus the euro, pound, and yen as inflation and central bank expectations shifted around the world.
Why should I care?
For markets: AI momentum faces a real stress test.
AI hype took a hit as investors started questioning which tech firms can really deliver long-term gains. Nvidia’s dip dragged wider indexes, while Oracle’s cautious update reminded markets not every company is a surefire AI winner. As jitters spread, money flowed into metals like gold and silver, and spot silver hit new highs, signaling investors’ shift toward stability amid all the uncertainty.
The bigger picture: Seeking stability in a flickering market.
The rebalancing in tech and AI is shaking up global markets, just as key central bank meetings approach. The Federal Reserve’s hinting at rate cuts after weaker jobs data, while the eurozone and Japan are ready to chart their next moves. On top of that, oil prices are climbing following new US restrictions and dollar strength, all adding to a climate where investors are searching—more than ever—for where the ground feels firmest.
