From AI Euphoria to Trade War 2.0: Re-Pricing a Fragile Equilibrium
The setup Coming into October’s second week, equities were levitating on a gentle cushion of abundant liquidity optics, AI-linked earnings optimism, and a shutdown-induced data fog that ironically suppressed macro anxiety. That changed Friday. A single policy salvo—tariff escalation threats on China—rebalanced the risk equation across equities, credit, commodities, FX, and crypto in a single […]