Stablecoin stocks surge as inflation fears intensify

Shares, gold and other commodities fell overnight with lower expectation of US rate cuts and concern over inflation if the oil price stays high. Investors instead focused on real estate, utilities and technology – which we could see repeated in Australia today. They also dove into stablecoin stocks such as Circle, with regulatory legislation making progress in the US Congress.

Stocks mentioned include Honeywell, Taiwan Semiconductor, Cognex, Amphenol, Nvidia, Tesla, Circle, Coinbase