AI returns, European stocks fade, is everything back to the old path?
Recently, U.S. stocks have gained attention due to the resurgence of AI, with Goldman Sachs' basket of AI winner stocks reaching an all-time high, while AI risk stocks have once again declined. Meanwhile, the German DAX index continues to fall, down about 5% from its historical peak, and has touched the 50-day moving average for the first time. The ratio of U.S. stocks (S&P) to European stocks (Stoxx 50) continues to rise, suggesting that U.S. stocks are back in focus, while the pullback in German stocks indicates a pause in the spotlight for European stocks
The most important phenomenon in the US stock market recently is the return of AI. Goldman Sachs' AI winner stock basket has reached an all-time high, while AI risk stocks have fallen again (Figure 1);
The recently popular German DAX index continues to decline, now down about 5% from its historical peak. This is the first time since the end of April that the index has touched the 50-day moving average (Figure 2);
The ratio of US stocks (S&P) to European stocks (Stoxx 50) continues to rise (Figure 3);
The return of AI means that the US stock market is back in focus, while the pullback in German stocks suggests that the spotlight on European stocks has paused?
