analysis
GlobalWeekly Wrap — Five charts that defined the week
AI capex, oil's round-trip, the dollar's ceiling, EM equities catch a bid, and credit spreads at the lows.
A look back at the five most important moves of the week and what they mean for next week's setup.
1. **AI capex** still accelerating — hyperscaler guidance lifted ~$60B
2. **Oil** finished flat after a 3% midweek spike
3. **DXY** rejected at 106.5 for the third time this year
4. **EM equities** outperformed DM by 1.8%
5. **IG credit spreads** at 92bps, tightest YTD