AI, Policy Easing and a Shifting Risk Premium
Recent weeks have seen renewed market swings — a softer US dollar, rotation within equities and shifting rate expectations — as investors reassess valuations, policy risks and the durability of US exceptionalism. Yet a consistent macro thread runs through our charts this week. This week’s themes include:
The US risk premium
Bank lending growth
Producing AI versus Using AI
Asia’s industrial production and AI
US orders of high tech products
Emerging market portfolio flows
The skinny
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