Instead of a sharp drawdown, equities have largely worked through a correction via time. Major indices have moved sideways to modestly lower over the past six months as concerns around AI capital spending and more recently, geopolitical risk, particularly the conflict involving Iran, have weighed on sentiment and positioning. Spending by large technology companies continues to validate this demand. Meta Platforms ((META) alone is paying approximately $1.6 billion annually for Anthropic model access, undersc ...