Fitch just dropped updated forecasts that paint an interesting picture for global markets. They're cutting their oil price outlook for the near and medium term while tweaking natural gas projections. But here's the twist - they're actually nudging their global GDP forecast up a notch.

Why the optimism despite lower energy prices? Turns out the explosive growth in U.S. tech infrastructure spending is doing some heavy lifting. America's IT investment boom is apparently strong enough to cushion the blow from broader economic deceleration across other sectors.

This creates a curious dynamic. Lower oil means reduced inflation pressure and potentially cheaper operational costs. Meanwhile, surging tech capex suggests big players are still betting on future growth - exactly the kind of forward-looking investment that typically correlates with risk asset appetite.

For anyone watching macro trends, this split between traditional energy markets cooling off while digital infrastructure heats up feels pretty telling about where capital is flowing right now.