Perpetual Contract Inventor Arthur Hayes: Only AI Stocks Are Rising in Global Capital Markets, Only a Few Crypto Assets Are Strengthening

Odaily Planet Daily News In a podcast on May 22, Arthur Hayes stated that currently, only AI-related stocks are rising in global capital markets, while virtually all other sectors are weakening. Hayes attributed this to consumer demand contraction due to rising unemployment, AI giants absorbing most of the available global credit, and governments prioritizing AI capital expenditure, thereby squeezing financing space for other industries. Hayes also noted that this is not a broad-based bull market; even in the crypto space, only a few tokens are gaining strength, making it a tough period for most people.