Gold, silver and copper selloff.
Every sector closed in the red.
Any comment from Powell that cuts are getting pushed further out, will feel like stagflation.
Morgan Stanley sticks with June rate cut call despite Oil surge.
The global macro reacceleration theme remains intact.
FOMC meeting is next week and almost surely to be a no change vote.
Oracle was climbing 8% after-hours on massive demand for AI training infrastructure.
Japan and Korea indices ju
Later today, we get US job numbers.
Goldman Sachs says buy the stock dip from Iran and AI.
South Korean equities were hit hard since their economy relies basically entirely on imported oil.
But “Iran” unlikely to dent bullish view.
