Global markets face significant turbulence this week from multiple sources. AI-linked stocks are experiencing unprecedented volatility as investor concerns grow. The ongoing conflict in the Middle East continues to impact oil prices and trade routes. U.S. jobs data will provide clues on potential Federal Reserve interest rate hikes. Europe’s heatwave and wildfires add economic pressures to already strained governments.
Peter Lynch does not like the AI trade; here’s why he says ‘Know what you own’
Analysts soon began sounding the alarm over the massive AI spending and rising debt of the tech giants, questioning if they will actually bear fruit