Where are the bad-news buyers?

Markets are wobbling as slowing global growth, rising debt, and fading AI enthusiasm collide. Japan just posted its first GDP contraction in over a year, China’s property crisis refuses to fade, and European growth remains sluggish. Even Switzerland isn’t spared. Meanwhile, the bullish catalysts that powered markets all year — AI euphoria, massive government spending, and hopes of a dovish Fed — are losing steam. Japan’s huge $110bn stimulus barely moved the Nikkei, Fed cut expectations are evaporating, and AI stocks are under pressure despite big promises. Now all eyes are on Nvidia. The chipmaker reports Q3 earnings tomorrow, and while analysts expect another blowout quarter, even stellar numbers may not be enough to revive the bulls. Nasdaq futures are sliding, oil is stuck near $60, gold has lost momentum… and Nvidia might be the last hope for a turnaround. Listen to find out more! Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025.