This week, U.S. equities have put the “AI narrative” and macro decisions on the same calendar.
According to reports by PANews and others, the TMT sector has recently seen net outflows on the order of $20 billion, as institutions deleverage and retail trading activity contracts noticeably. Earnings from cloud and advertising giants including Microsoft, Amazon, and Meta are due in succession, while market pricing still assigns a relatively high probability to the Fed holding rates steady in October. The “key test” in the headline is whether capital spending lines up with earnings delivery—not the day-to-day market noise.
How to read it: For crypto, the more relevant factor is how risk appetite carries through—volatility in tech stocks can hit high-beta assets and funding rates first. Watch cloud growth and capex guidance in earnings reports, then compare them with the FOMC’s wording; that’s more useful than watching market slogans.
#AI #美股 #美联储 #Macro
According to reports by PANews and others, the TMT sector has recently seen net outflows on the order of $20 billion, as institutions deleverage and retail trading activity contracts noticeably. Earnings from cloud and advertising giants including Microsoft, Amazon, and Meta are due in succession, while market pricing still assigns a relatively high probability to the Fed holding rates steady in October. The “key test” in the headline is whether capital spending lines up with earnings delivery—not the day-to-day market noise.
How to read it: For crypto, the more relevant factor is how risk appetite carries through—volatility in tech stocks can hit high-beta assets and funding rates first. Watch cloud growth and capex guidance in earnings reports, then compare them with the FOMC’s wording; that’s more useful than watching market slogans.
#AI #美股 #美联储 #Macro