When will the global market correction end? Will the '2020s market' replay the '1970s' stagflation scenario?
Initial signals of a global market correction endpoint have emerged but are not yet fully in place: the two conditions of oversold assets bottoming out and overbought assets being sold off have been met, but oil prices and the US dollar have not reversed, and the S&P 500 has not been fully cleared. The baseline scenario for the 2020s leans towards inflationary prosperity rather than 1970s-style stagflation, with the key variables being the situation in Iran and the direction of oil prices. NVIDIA's withdrawal of a trillion-dollar AI investment may indicate a slowdown in AI capital expenditure growth.
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Express News | Loracle, an early contributor to Hyperliquid, has shorted WTI crude oil futures, with the current position valued at $6.7 million.
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The upsurge is coming.
Overnight US Stocks | Major Indices Close Lower This Week, Tech Stocks Generally Down; Both WTI and Brent Crude Oil Prices Break Above $90 Mark
At the close, the Dow Jones Industrial Average fell by 453.19 points, or 0.95%, to 47,501.55 points; the Nasdaq Composite Index dropped by 361.31 points, or 1.59%, to 22,387.68 points; and the S&P 500 Index declined by 90.69 points, or 1.33%, to 6,740.02 points.