🎙 Doomscroll.fm — Episode 1105.5: Tech Rout, China Chip Ban, Oil Steadies, Gaza Tensions
Doomscroll.FM · Doomscroll.FM
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Show Notes
Global markets slid after a sharp selloff in Big Tech, with Asia and Europe following Wall Street lower as investors questioned lofty valuations. Beijing moved to wall off state infrastructure from foreign AI silicon, barring overseas chips in state-funded data centers, a fresh turn in the supply chain split. Brent hovered near the mid-$64s after a prior dip, helped by better-than-feared U.S. fuel data. In Europe, the ECB’s wage tracker pointed to easing pay pressures, reinforcing a hold-steady stance after last week’s pause. In the Middle East, strikes and demolitions in southern Gaza underscored how fragile the truce architecture remains, keeping risk premia alive even as traders chase dips. The tape says caution, the policy tape says fragmentation, and the oil tape says not dead yet.