Treasuries & Cash: The 10-year yield hitting new highs makes risk-free rates attractive for sidelined capital. Energy Sector: Oil surging past $90 on Hormuz tensions is a direct tailwind for exploration and production firms. Defensive Plays: As growth multiples compress, value-oriented sectors like utilities and healthcare (ex-Biotech) offer relative safety. Tech & AI: A warning from Capital Economics that the AI boom is "nearing an...
