Global equity markets are finishing the second quarter on a strong note, driven by a decisive rotation away from traditional safe-haven assets.
The synchronized sell-off in oil, gold, and bitcoin underscores a broader shift in investor sentiment as fears of geopolitical escalation and energy shocks have receded.
The quarter began with markets bracing for potential geopolitical flare-ups and concerns over the cost of artificial intelligence investments.
However, by the end of June, those anxieties have given way to risk-on positioning.
Investors are increasingly confident that the immediate threats to global supply chains and energy stability have passed, allowing capital to flow back into equities.
Commodities and digital assets have borne the brunt of the outflow.