📊 Next Move: AI or Energy?

Good Morning Investors,

Macro and policy factors are contributing to near-term caution. Soft consumer spending data and a drawn-out U.S. government shutdown. Cyclical and retail-focused names are facing pressure as broader market narratives weigh on sentiment. Trade developments — particularly renewed tariff discussions — and a weaker outlook for renewable energy have added event risk for industrial, energy, and clean-tech.

Investors are finding selective opportunities in AI infrastructure, defensive biotech, and resource or mining juniors tied to the gold rally. Stretched valuations and macro-policy uncertainty continue to argue for a cautious, differentiated approach to exposure.

Matthias Schneider
Editor at Analytica Investor