AI Cloud ETFs Sink Up to 22% as Stagflation Fears Cement Higher-for-Longer Rate Regime
WCLD, CLOD, and SKYY have lost between 10% and 22% year-to-date as a synchronized global central bank hold cycle crushes growth-stock valuations. IMF warnings of a 1970s-scale oil crisis and sticky inflation expectations are killing rate-cut hopes across the Fed, ECB, BoE, BoJ, and BoC. Fed Chair Powell's May 15 departure adds governance uncertainty at the worst possible moment for AI capital markets.
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