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Fortune

Jim Edwards

'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

SpaceX IPO

(Credit: AP Photo/Eric Gay)

**Good morning. On Fortune’s radar today:**

Markets: Red alert over global selloff.
“We didn’t see this coming”: Economists are eating their job forecasts.
AI bubble fears are back on the table ahead of Friday’s SpaceX IPO.
Strip out AI and the growth story cracks.
“There be dragons”: BofA notes that inflation could surpass unemployment.
Meet the woman forced out of Goldman Sachs because she baked a lot of elaborate cakes .

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