Tom Stevenson comments as investors shift their focus from AI’s productivity gains to the new technology’s potential costs, inflation eases on both sides of the Atlantic, and attention shifts to the Magnificent Seven’s market drift

Fidelity’s Market Week: Investors pivot from AI’s productivity promise to its potential costs, inflation cools on both sides of the Atlantic, and focus turns to the Magnificent Seven’s market drift.

Tom Stevenson, investment director at Fidelity International, says fading AI enthusiasm and sideways trading in the Magnificent Seven are adding fragility to equity markets, while inflation data in the US and UK and tightening corporate bond spreads shape expectations for interest-rate cuts and growth. Tom Stevenson, Investment Director at Fidelity International, comments on what’s driving markets this week: “The Dow Jones briefly sat above 50,0…

Tom Stevenson comments as investors shift their focus from AI’s productivity gains to the new technology’s potential costs, inflation eases on both sides of the Atlantic, and attention shifts to the Magnificent Seven’s market drift