<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>這一週充滿了混亂，經歷了許多起伏（主要是積極的宏觀經濟數據和鴿派的美聯儲意外）和挑戰（主要是人工智能敍事的挑戰），導致股票和債券市場呈現出複雜的局面，美元大幅下跌，貴金屬則飆升</p>

在混亂的一週中，貴金屬佔據主導地位，因為人工智能的現實檢驗奪走了美聯儲的鴿派政策紅利