Economic Stalemate

🤔 Macro uncertainty. Crude oil futures dipped lower midday before rebounding higher to end up 1%. Meanwhile, treasury rates peaked midweek before calming towards the end of the week. #GlobalTensions, #Inflation and #RateHikes remain a question mark.

🤖 AI seesaws. The #AI trade was mixed this week as chip outlooks continue to show strong near-term demand, but also seem to be funding their own growth… Meanwhile, LLM revenue growth appears to be lower than expected resparking fears of a bubble.

📈 Market rally. Despite the mixed #AI trade and macro uncertainty, markets rebounded to end the week up +1.2%. Stabilizing treasury yields likely brought some comfort as well as ongoing market optimism.