Wall Street Hits All-Time Highs. Oil Spikes Then Craters. AI Trade Roars Back.🔥🔥
The S&P 500 just printed a new record. So did the Nasdaq. Earnings season is delivering.
The GDP beat expectations at 2 percent annualized. AI investment is the engine. Consumer spending is cooling but not collapsing. The soft landing narrative is back.
Alphabet exploded 10 percent higher. AI-driven earnings were the catalyst.
Apple beat forecasts, up nearly 5 percent after hours.
But Meta got crushed, down 8.6 percent on heavy AI capex concerns. The AI trade is not a rising tide. It is a stock picker's game now. The winners are those showing AI revenue.
The losers are those spending without showing returns.
Oil was the real drama. Brent crude spiked to 126 dollars, a four-year high, on escalation fears.
Then it reversed 3.4 percent to close near 114. The whip was violent. The trend is still elevated.
Energy costs remain a pressure point for inflation and central bank policy.
The Fed held rates. So did the ECB and Bank of England. The ECB warned that war-related energy disruptions have intensified eurozone risks.
Europe is barely growing at 0.1 percent GDP. The global economy is not synchronized. The US is running. Europe is crawling.
For crypto, the macro backdrop is improving. Record highs in equities create a risk-on halo.
The GDP beat reduces recession fears. The Fed holding steady is priced. The oil reversal removes one near-term tail risk.
BTC is trading near 78,150, up 2.4 percent. The path toward 80,000 is opening again.
The AI narrative is driving both equities and crypto. Tokens tied to AI infrastructure are outperforming.
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