The Inflation Truce, A Trillion-Dollar AI Hangover, and The Friday Twist

Superstition suggests that when the calendar hits Friday the 13th immediately following a market rout, you should hide under the desk.

On Thursday, the Dow Jones Industrial Average finally surrendered the historic 50,000 mark, ending a psychological run and leaving traders bracing for a sequel to the sell-off. The mood on the floor was set for a horror movie.

But this morning, the Bureau of Labor Statistics flipped the script.

Instead of a slash-and-burn session, investors received the one thing they needed most: permission to breathe. While the narrative surrounding Artificial Intelligence is currently undergoing a violent repricing, the macroeconomic backdrop just became significantly friendlier. We are ending the week in Read more...

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