Wall Street AI rally faces Big Tech earnings test
SPX500 is riding fresh AI euphoria following Intel’s results, but the its next leg depends on this week’s Big Tech earnings - set against a daunting macroeconomic backdrop.
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SPX500 is riding fresh AI euphoria following Intel’s results, but the its next leg depends on this week’s Big Tech earnings - set against a daunting macroeconomic backdrop.
The S&P 500 sell-off is being driven by a surge in oil prices from escalating Middle East tensions, amplifying inflation fears, tightening financial conditions, and exposing deeper risks in private credit and AI-driven earnings expectations.
In early 2026, equal-weight stocks are outperforming mega-caps, signalling a clear rotation away from tech dominance. Broader participation suggests healthier market breadth, but the shift remains macro-dependent.
Deflation risks linger as CPI cooled in January, underscoring weak consumption, but efforts to spur demand and contain price competition are starting to make a dent.
Japan’s Nikkei 225 hit record highs as a decisive election outcome lifted political uncertainty and boosted investor confidence. The rally reflects optimism about pro-growth policy direction and a broader re-pricing of risk across markets, not just technical momentum.
HKG33 finds support after consumer prices accelerated in November, but deflation fears persist
China's leaders confirmed recent policy shifts aimed at boosting growth, focusing on higher government spending, long-term bonds, and lower interest rates. A 5% growth target is expected for next year, with more details to be revealed in March.
The victory of Donald Trump in last week’s elections send Wall Street soaring, with US 2000 outperforming the broader SPX500
HKG33 is tepid as Chinese authorities announced new fiscal support, but the lack of details and soft inflation report sustain skepticism
The Chinese central bank announced a series of measures to support the economy and stock markets, sending HKG33 to one of its best days of the year
Unlike the last decision that had caused the stock market to plunge, today's cautious pause by the Japanese central bank, saw muted JPN225 reaction and weekly gains
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