The Bulls Are Getting Airsick, As Reality Bites!

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. We got another major dose of uncertainty this week, with doubts about FED rate cuts, Trumps tariff U turns reacting to US affordability issues, rising doubts about the sustainability of the AI trade which has been supporting the markets, such that US stock valuations are higher than ever, and more confusion about US economic data, despite the end of the government shutdown. Wall Street has its biggest one-day decline in a month […]