The AI Boom Meets Inflation Angst
Markets have remained relatively resilient as oil prices soften on renewed hopes surrounding the US-Iran negotiations. But beneath the surface, the macro backdrop remains fragile. In our charts this week:
• Europe remains vulnerable to higher energy prices
• US consumer confidence continues to weaken
• Not yet close to the pandemic-era liquidity shock
• Broad money growth remains subdued
• AI infrastructure investment continues to surge
• Semiconductor demand still powering ahead
The global economy remains caught between two powerful and competing forces: renewed geopolitical and…
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