Wall Street’s nine-day winning streak has abruptly ended, with escalating US-Iran tensions sending shockwaves through energy markets and triggering a 620-point drop in the Dow. To determine if this is a healthy correction or genuine macro panic, Saxo's Chief Investment Strategist Charu Chanana cuts through the noise to break down the immediate fallout on global equities and inflation. She also explores Nvidia’s groundbreaking shift toward local AI inference with the RTX Spark to uncover new investment opportunities in the next AI supercycle. Finally, zooming out to a new era of global fragmentation, we discuss the rising tide of protectionism as China restricts retail access to US markets and Washington slaps fresh tariffs on 60 economies.