The calm and consolidation in the US equity market are deceptive. The S&P 500 is paying closer attention to macro risks. The S&P 500 closed July with a modest gain, yet beneath the calm surface, real storms were brewing. These began to surface halfway through the corporate earnings season, when results from the ‘Magnificent Seven’ […]
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I have covered the energy market’s evolution through the Iran-Iraq War, from Chevron CEO Mike Wirth‘s early warnings about depleting buffers to Shell’s CEO describing the diesel and gasoline squeeze that emerged as refineries pivoted Read more…
Key Highlights GBP/USD started a fresh increase above 1.3400. It traded above a key bearish trend line with resistance at 1.3305 on the 4-hour chart. Bitcoin seems to be facing hurdles near $64,500 and $65,650. Read more…
Since OpenAI started the current artificial intelligence race with its release of ChatGPT 3.5 in November 2022, hundreds of billions of dollars have been committed to building out the infrastructure needed for AI to become Read more…