Fed’s hawkish cut, markets start to question Mag 7 AI capex spend as Microsoft and Meta slide back.

In this week’s podcast Michael Brown (Senior Market Strategist from Pepperstone) and I discuss more record highs for US stocks and the FTSE100, as well as the latest Fed rate cut and the hawkish reaction to it. We talk about the slide in Meta and Microsoft share price on concern over accelerated AI spend, as well as looking ahead to next week’s Bank of England rate decision, and the latest numbers from Diageo, BP, M&S and AstraZeneca.
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