Investors have notably increased their investments in artificial intelligence stocks this year, capitalizing on the surge in AI-related sectors and the market’s recent highs, resulting in record levels of investment.
Last week, regional bank stocks took a hit as two US banks reported trouble with bad loans—Zions Bancorp in Utah and Western Alliance in AZ.
After a relatively drama-free stock market for the last several months, the new standoff between the US and China has escalated investors’ fears to a heightened level.
With the price of an ounce of gold reaching record-breaking new highs, currently $ 4,070 as I write, it remains the primary safe-haven asset, along with the dollar.
Treasury yields are mixed as bond buyers assessed future growth and inflation issues following yesterday’s quarter-point interest rate cut by the Federal Reserve and their hints of two additional cuts by year’s end.