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TME kicks us off.
Market recovered. Leadership didn’t
The Nasdaq has rebounded sharply from last week’s panic, but many of the market’s most sensitive AI trades are still struggling to confirm the move. Credit, high-beta technology and several former AI leaders continue to lag, suggesting the latest rebound remains narrower than headline indices imply.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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