Two days after Microsoft asked more than a quarter of its workers if they’d take a buyout, it reported $45.2 billion in capital spending in a single quarter, most of it for AI.
Compared with previous market drawdowns, the current market setup is vulnerable because rising inflation limits the ability of central banks to ease rates and reflate asset prices. Reduce stocks and add bonds and cash, this macro research house advises
The thrashing that Wall Street’s artificial-intelligence darlings have taken over the past few months has led to an unusual situation in the U.S. stock market.
