AI and Crypto Declines: Market Overview and Key Insights
Market Overview and Key Developments
By Jamie McGeever
Impact of AI on Stock Performance
ORLANDO, Florida, Feb 5 (Reuters) – The tech-fueled stock market selloff snowballed on Thursday and slammed the Nasdaq to its lowest since November, while precious metals prices and bitcoin tanked, as worries over companies’ massive AI capex spending and the U.S. job market deepened.
Current State of Cryptocurrency
In my column today, I dig into the “tech wreck” and explain why the AI tide no longer lifts all boats. Buying an index fund and watching the “Mag 7” drive it higher is not a strategy any more – investors must turn to stock picking and active management strategies.
Federal Reserve’s Position
If you have more time to read, here are a…
