Premium"For Every $1 Bought, There Is $10 To Sell": Deutsche Warns The "AI Dollar" Is Here
Something odd has been happening during the AI rout.
As Nasdaq 100 constituents wiped out more than $1.2 trillion in market cap this month (with Amazon and Intel the latest to disappoint overnight), the dollar, which is supposed to rally when risk gets dumped, has repeatedly sold off right alongside tech. On Oct 15, Reuters noted that stocks and the dollar slid together as the tech rout deepened, a departure from the greenback's recent pattern.