Big-wave surfer Andrew Cotton is not keen on heights yet plummeting down the side of an 80ft Atlantic breaker feels like the most natural thing in the world to the Englishman.
A new wave of an unusual trade has been unfolding: a steep rally in gold, coinciding with a steep rally in the US dollar.
The S&P 500 is increasingly driven by mega-cap tech stocks with heavy exposure to OpenAI-related deals, posing systemic risk.