Wednesday was the market's exhale after Tuesday's gasp. The Daily Business Index — our daily 0–100 reading of global business health, where 50 marks the neutral line — climbed to 53.0, pulling firmly back above neutral after Tuesday's semiconductor-driven selloff. The recovery had two clear engines: South Korea's stock market staged a sharp rebound, and oil kept getting cheaper as tensions around a key Middle East shipping route eased. Then, after US markets closed, Micron Technology dropped an earnings report so strong it threatened to rewrite the entire AI-chip anxiety narrative that had gripped markets for two days. The bounce was real, but it was also a reminder that the AI trade's nerves are still raw.