Generated at 06:42 ET — FOMC day. Fed holds as expected. Attention shifts to whether the AI capex cycle can sustain earnings in a slowing macro environment.
Fed holds as expected. Attention shifts to whether the AI capex cycle can sustain momentum in a slowing macro environment. Asian markets mixed — Nikkei flat, US futures modestly positive.
Narrow AI rally against tightening credit. Hyperscaler capex supports semis and cloud but concentrated in fewer names than priced. Watch breadth — small-cap underperformance at 6-week lows.
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