<div id="readability-page-1"><div><div><p>Well that was a chaotic week full of ups (mostly positive macro and dovish Fed surprises) and downs (mostly AI narrative challenges) that left us with a mixed picture across stocks and bonds, dollar down bigly, and precious metals to the moon.</p></div></div></div>

<p>这一周充满了混乱，经历了许多起伏（主要是积极的宏观经济数据和鸽派的美联储意外）和挑战（主要是人工智能叙事的挑战），导致股票和债券市场呈现出复杂的局面，美元大幅下跌，贵金属则飙升</p>

在混乱的一周中，贵金属占据主导地位，因为人工智能的现实检验夺走了美联储的鸽派政策红利