Everything you need to know, Simplified! Summary Geopolitical tensions surged as the US and Israel launched strikes killing Iran’s Supreme Leader, prompting widespread regional retaliation and raising fears of a major oil supply shock US equities fell amid continued AI disruption concerns and heightened trade policy uncertainty following the US Supreme Court’s tariff ruling In contrast, UK, European and Japanese markets rallied as investors rotated away from US mega cap techn

Everything you need to know, Simplified! Summary European and UK equities reached fresh highs, supported by strong earnings and a continued rotation into cyclicals and ‘old economy’ sectors, as investors broaden leadership beyond US mega-cap technology The US Supreme Court struck down President Trump’s sweeping global tariffs under the International Emergency Economic Powers Act; markets appear comfortable that trade tensions are unlikely to escalate materially in the near te

Everything you need to know, Simplified! Summary Global equity indices moved only modestly lower, but beneath the surface markets saw a sharp rotation as investors reassessed AI winners and losers, with financial services replacing enterprise software as the latest focus of disruption fears Wealth management, insurance and broader financial stocks sold off as markets adopted a ‘shoot first, ask questions later’ stance toward businesses seen as exposed to automation, leaving t

Everything you need to know, Simplified! Summary Software stocks suffered a historic sell-off as investors reassessed the impact of Artificial Intelligence (AI) on the sector The sell-off has been broad and indiscriminate so far, but differentiation between winners and losers is likely to emerge Despite this, global equities showed resilience, finishing the week higher as investors rotated toward defensives, cyclicals and smaller companies US manufacturing data surprised shar