The big news yesterday on the $500 billion in AI capex fundraising has added to questions about who will pay for it but it led to some nice gains for asset managers. It continues to struggle after a shakeup last week among the top people in AI and technology. The intraday action saw modest gains at the open but creeping selling as the day went on. Oil tried to sell off on Pakistani headlines about a potential deal but finished 1.6% higher on some late bids. That's back-to-back losses in the S&P 500 but I don't think anyone is ready to hit the panic button.