Jurrien Timmer says the AI sector’s sharp drawdown was not chiefly about the U.S. midterms, but a correction set up by earlier market conditions. Heavy capital

Jurrien Timmer says the AI sector’s sharp drawdown was not chiefly about the U.S. midterms, but a correction set up by earlier market conditions. Heavy capital demand in debt and equity markets was tested, then scaled back as strains spread across indices.