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Bloomberg: US Stocks Extend Drop as AI Fears Spread Across Sectors

“Against this backdrop, a Supreme Court decision on tariffs, which could come as early as the 20th, could have far-reaching market implications,” said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions.

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By Cross-Border
Feb 12, 2026
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US stocks close lower as traders prepare for more Fed tightening
Cross-Border

US stocks close lower as traders prepare for more Fed tightening

“When you look at earnings overall, this looks like a peak in the cycle, especially in tech and industrials,” said Karl Schamotta, chief market strategist at Corpay.

Managing multi-currency budgeting against soaring inflation
Cross-Border

Managing multi-currency budgeting against soaring inflation

Despite Australia’s annual inflation rate sitting lower than its global counterparts, it recently increased to 6.1 per cent in the June quarter from 5.1 per cent compared with market forecasts of 6.2 per cent.

Doing business with a down dollar in B.C.
Cross-Border

Doing business with a down dollar in B.C.

“The [U.S. Federal Reserve] is clearly the biggest force here,” said Karl Schamotta, chief market strategist at Corpay (Fleetcor Technologies Inc.).

U.S. dollar advances as investors look to inflation data this week
Cross-Border

U.S. dollar advances as investors look to inflation data this week

"By illustrating continued strength in the labor market, Friday's non-farm payrolls report gave the Fed carte blanche to continue raising rates," said Karl Schamotta, chief market strategist, at Corpay in Toronto.

Corpay Cross-Border Announces New Collaboration with Greenbackers Investment Capital
Cross-BorderGlobal paymentsRisk management

Corpay Cross-Border Announces New Collaboration with Greenbackers Investment Capital

Providing access to cross-border payments and currency risk management solutions

Low-flying loonie making Bank of Canada’s fight against inflation even harder
Cross-Border

Low-flying loonie making Bank of Canada’s fight against inflation even harder

In recent decades, a 10 per cent drop in the Canadian dollar has translated into a short-lived half per cent upward shock in the annualized headline inflation reading, according to Karl Schamotta, chief market strategist at Corpay.

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