AI Buildout vs. Higher for Longer: A Regime Shift in Rates Meets the AI Buildout

The averages didn’t move much from technical and price support levels talked about in yesterday’s market wrap. Participation improved as defensive and some cyclical areas rotated in, but overall market strength faded with Tech’s weaker performance, which  started fading Monday afternoon. Overnight, the South Korean AI data-center firm, Elice, plunged  around -32% on its KOSDAQ…