Eyes turn to US CPI, as AI Angst spills beyond tech [Video]
|Wall Street stumbled again as technology stocks led the selloff. The recent rotation is shifting investor focus toward non-tech and non-US markets, with Asian equities outperforming and Europe relatively insulated. But if AI Angst spills over non-tech, the rotation may become less efficient.
Right now, all eyes are now on the US CPI release. A softer-than-expected print could ease rate concerns and stabilize equities before the closing bell, while a stronger figure risks deepening the selloff – a selloff that hits both risky and traditional low-risk assets...
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