“Even if you take out the tariff story I think there is an issue for Big Tech and the market will probably start to refocus on that when we get this earnings season,” according to Christopher Wood, global head of equity strategy at Jefferies, told Bloomberg TV. “We still have then the issue of the massive amount of capex being spent on Big Tech,” he says. “They’re overspending on this AI story.” (Source: Bloomberg)
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Gathering official economic data is a huge process in the best of times. But a bunch of different things have now combined to make that process even harder. People aren’t responding to surveys like they used to. Survey responses have also become a lot more divided along political lines. And at the same time, the Trump administration wants to cut back on government spending, and the worry is that fewer official resources will make tracking the US economy even harder for statistical departments th
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US Treasuries held recent gains as traders awaited data on inflation and economic growth, as well as the debt management team’s plans for sales in the $29 trillion market.
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