According to @DowdEdward, the economy outside AI is "obviously in distress" and it "feels like panic," signaling a risk-off macro tone for traders (source: Edward Dowd on X, Nov 9, 2025). He endorsed a related observation by @boriquagato with a direct "Yes," underscoring his bearish read on conditions ex-AI at this time (source: Edward Dowd on X, Nov 9, 2025).