Global markets are on fire! Major indices hit fresh all-time highs as optimism over new US trade deals sends risk appetite soaring. Trump’s talks with Japan’s new Prime Minister Takaichi sparked a breakthrough on critical minerals, while hopes of a US-China deal keep fueling the rally. The Federal Reserve (Fed) and the Bank of Canada (BoC) are expected to cut rates this week — and if the Fed sweetens the move by ending QT, equity bulls may have even more room to run. Sector-wise, tech and AI stocks continue to dominate: Qualcomm jumps double digits after unveiling new AI chips, while Nvidia and AMD rise on hopes that there’s enough chip demand for everyone. Meanwhile, gold cools off after its parabolic rally — is this the start of a deeper pullback?
