Market Roller-coaster Drops On Higher Interest Rate Fears, As AI Bets Fade

This is our weekly market update, where we start in the US, cross to Europe and Asia, and end in Australia, covering commodities and crypto along the way. While last week AI drove most markets higher, concerns about accelerating inflation surged this week, triggering a spike in global bond yields amid the likelihood of higher-for-longer oil prices and higher interest rates. Traders also took some profit taking during the final Wall Street session of the week. Bank of America strategist Michael Hartnett said “bull capitulation into stocks and tech” will likely be fully complete in next few weeks, with early […]