Why — Investors must treat AI and non-AI equities as separate asset classes to avoid misinterpreting index-level drawdowns as broad economic weakness.

Why — A sharp drop in prices paid indicates cooling upstream inflationary pressures, which could give the Fed more breathing room despite the overall slowdown in manufacturing activity.

Why — The extreme run-up in semiconductor valuations leaves the sector highly vulnerable to sharp corrections if AI capital expenditure begins to slow.

Why — Nike's struggles serve as a warning sign for global consumer discretionary spending, indicating that high inflation and interest rates are weighing on household budgets.