Global uncertainty just reached the HIGHEST level in history

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However, as the AI narrative continues to unfold, from euphoria a few months ago to handwringing now (over the commodification of the SaaS stocks and the unknown ROI of hyperscaler capex), the Might Mag 7 is showing some strains. The chart below shows that the M7 is now testing the lower end of a 4-month range. Should those lows not hold, we will need to start worrying about a top being formed and repeat of the correction exactly a year ago.



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