Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-08-09T03:07:00+00:00
The 'Magnificent Seven' stocks spent years convincing investors that their tremendousAIspending would translate into sustainable growth, powerful cash flows, and fatter valuations. That assumption is now up against a major test. Wall Streethas largely treated hyperscaler spending as a powerful long-term growth engine, but Bank of America strategist Michael Hartnett just flagged a major risk that could test how much investors are willing to pay for the AI trade. The contrast is becoming incredibly tough to ignore. Stock markets remain somewhat resilient, but parts of the credit market are flashing more caution around AI spending. That said, BofA now sees one major market signal as critical to the Mag 7's ability to shrug off that threat. According toSeeking Alpha reporting, Hartnett just id
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.