The AI Undercurrent
Over the past few days, financial markets have been navigating a fresh wave of policy and geopolitical cross-currents, with the US Supreme Court ruling on executive tariff authority adding a new layer of uncertainty to the trade outlook. At the same time, the AI investment boom continues to provide an important cyclical tailwind, even as investors remain alert to valuation risks. In our charts this week we focus on:
The Global Business Cycle
South Korea’s semiconductor trade
US investment in AI infrastructure
Germany’s capital spending renaissance
Oil prices and monetary policy
Japan’s…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.