Tech fatigue? [Video]
![Tech fatigue? [Video]](https://editorial.fxsstatic.com/images/i/CNY-bullish-line_XtraLarge.png)
Many global indices are all pushing fresh peaks despite trade tensions, geopolitical headlines and lingering doubts over AI valuations, but leadership is shifting: metals are surging while tech shows early signs of fatigue. Silver is swinging around $80 as China clamps down on exports, tightening global supply, while copper hits record highs on tariff-driven flows and strong underlying demand. The softer US dollar is providing extra fuel for the rally, rotation trades pick up. Investors are navigating a landscape where macro support is strong — rate cuts loom, inflation is easing in key regions and geopolitical shocks are creating selective opportunities. Yet, in a market of record highs, discerning where opportunities lie has never been more crucial.

Author

Ipek Ozkardeskaya
Swissquote Bank Ltd
Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.
















