Macroeconomic Uncertainties

Global equities saw a sell-off amid valuation concerns and macroeconomic uncertainties. Markets await Nvidia’s earnings as a key AI sector indicator. European markets followed suit, with tech stocks declining. Analysts cite profit-taking, potential corrections, and “healthy skepticism” regarding AI spending and infrastructure. Concerns remain about future interest rate cuts, potential tariffs, cryptocurrency leverage, and data center power needs, suggesting a need for a multi-year perspective.