AI Cloud ETFs Down 22% as Warsh Nomination and Rate-Hold Consensus Reprice Growth Stocks
WCLD has dropped 22% year-to-date as markets price in hawkish risk from Kevin Warsh's expected Fed leadership. Powell's term expires May 15. A synchronized global rate-hold by five central banks has done little to reassure AI/cloud equity investors facing rising inflation expectations and an uncertain pivot timeline.
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