After a two-month rally in AI, some of the plates are starting to wobble. Unsurprisingly, the Artificial Intelligence fever broke on Friday. With a sudden, sharp sell-off of 3-4% across many favourites, investors received a face slap after an unfettered run-up. Semiconductors and Hyperscalers sank amid concerns about a glut in capital raising by leading AI Megatechs. Much to the chagrin of underwriting brokers, the rush to market of AI-related private companies, OpenAI, Anth

How much can the stock market inflate the AI beach ball? Yes, that image was generated by an AI agent provided by Google, the company with the highest free cash flow in the S&P 500. Despite that, they announced their intention to raise an additional $80B in capital to fund next year's AI infrastructure spending. With the arms race for AI dominance a feature, not a bug, for the economy as a whole. But just as any bug will, this feature will eventually bite. U.S. capital spen

Kevin Warsh, the newly installed Federal Reserve Chairman, has inherited a problem not of his making. The Orange Menace's war with Iran was meant to deflect from more mundane issues, such as those contained in a certain set of DOJ files. Unfortunately for Mr. Trump, resulting higher oil prices quickly fed into inflation expectations, threatening the global economy and distorting the fixed-income markets. Only one week into his new role, and he's dropped his new Fed boss direc