AI Shakeout
-
Market Volatility Last Week: What Fueled It
Wall Street ended July on a high note, with major indices gaining despite a hawkish Fed and AI sector volatility. Inflation concerns drove bond yields higher, prompting Fed scrutiny. Forced selling in the AI sector provided a buying signal. Tech earnings showed investors prioritize AI profitability, with Microsoft and Amazon excelling while Meta struggled. Apple’s strong fundamentals were overshadowed by supply chain issues and cost pressures.
