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Market Data

Barclays’ Cau says the best of the AI trade may be over

Another selloff in AI names broadened to encompass most of Tech, sending the Nasdaq-100 to its worst week since April 2025. Five sectors though would finish the week up 2% or more, as 30-year Treasury…

Why We Now Expect Two Bank of England Rate Hikes

Macro view: The BoE left rates unchanged at 3.75%, as expected, with a 7-2 vote split and no change to the core guidance. The tone of the statement and messaging reinforced a clear ‘wait and see’ stan…

CPI Hotter Than Expected: Is a Hike Back on the Table?

As we noted in prior commentaries, last month’s softer-than-expected CPI and PCE reports, along with weak labor data, gave the Fed room to wait on further rate hikes. Yesterday’s CPI data takes some o…