WCLD Down 22%, CLOD Off 14% as Higher-for-Longer Rates Squeeze AI and Cloud Stocks
Cloud technology ETFs have been hit hard in 2026: WCLD is down 22% and CLOD off 14% year-to-date. Futures markets price only a one-in-three chance of any Federal Reserve rate cut this year, sustaining valuation pressure on growth stocks. A hawkish Fed succession and synchronized G-7 rate holds extend the bear case for AI and cloud names.
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