In AI We Trust: Why Spending Is So Buoyant

The piece argues that U.S. consumer spending remains resilient and is sustaining markets despite geopolitical risks, rising gasoline prices and a 74-year low in consumer sentiment. Oil prices have inched higher after President Trump said the U.S. would help guide stranded ships through the Strait of Hormuz, while stocks were mixed ahead of major retail and consumer company reports and Friday’s jobs data. Short-term market data showed S&P futures down modestly, crude oil up sharply and gold lower. Overall, the article is market commentary highlighting buoyant consumer demand as a key support for risk assets amid persistent macro and geopolitical uncertainty.