Weak US jobs data gave markets exactly what they wanted: lower US yields and softer Federal Reserve expectations. While the report wasn't strong enough to reverse the ongoing selloff in technology stocks, it helped fuel a powerful rotation into sectors and indices with less tech exposure, sending several benchmarks to fresh record highs.
Today, we lean on why investors are cheering weaker economic data, what it means for the US dollar, gold and oil prices, and why technology shares continue to face headwinds despite a friendlier interest-rate backdrop? I also look at the latest developments surrounding Meta, Oracle, OpenAI and Anthropic, and discuss why the biggest long-term beneficiaries of the AI boom may not be chipmakers alone, but also the energy, water and metals needed to power tomorrow's data centres.
Could natural resources become the next AI trade?
Watch the full episode to find out more!
Intro1:11 Bad news is good news
4:13 Tech vs the rest
6:44 Energy, commo: under-owned?










