Top Economist Warns Recession Odds Are ‘Over 50-50’ as AI Bubble and Tightening Financial Conditions Raise Alarm: ‘Bubble Is Never in the Technology, But in the…’

Major indices are trading lower as rising Treasury yields and hotter-than-expected inflation data this week fuel a rotation out of tech and AI-related stocks. Credit risks tied to the AI infrastructure buildout are adding to the pressure, with the VanEck Semiconductor ETF (SMH) down 8% this week, on track for its biggest weekly decline since July.

Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink: Stock Market Today

The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.

9 Of 11 Sectors Rise In Friday Trading As Cyclicals Lead

Nine of 11 sectors are higher in Friday’s regular session, with cyclical sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.

S&P 500 Could Hit 9,000 Without Iran War: Why Kobeissi Letter Sees a ‘Historic Opportunity’ for a ‘Violent Rally’

Why The Kobeissi Letter says the S&P 500 could hit 9,000 without the Iran War, offering a "historic opportunity" for a "violent rally."

Meta's AI Spending Could Hit $205 Billion in 2027: Why Magnificent 7 ETFs Face a Crucial Test

Meta’s earnings could test whether AI-driven ad growth justifies rising spending, putting QQQ, MAGS and FDN ETFs in focus as 2027 investment costs loom.

QQQ vs. Cheaper Nasdaq-100 ETFs: Why BlackRock And State Street Aren't Winning Investors Yet

BlackRock and State Street are challenging QQQ with lower-cost Nasdaq-100 ETFs, but J.P. Morgan data shows limited inflows and a wide trading-volume gap.