There probably is not a one among us, apart from the lunatic fringes, who do not wish for the latest ceasefire deal being brokered in the Middle East to bear fruit and the slaughter to stop. Yet, there is always the nagging doubt, bearing in mind the recent attempts toward peace and the millennia of ingrained prejudice, hurt and ultimate intransigence.
Corrections are part and parcel of any trending market. The more extreme the underlying move, the less significant the trigger for a retreat needs to be. Yesterday, in equities, that spark came as traders assessed the impact of the French political crisis and the inactivity of the US government.
The euphoria seen in stock markets once again fails to migrate influence into our market and oil prices languish in the shadow of competing drivers and a resigned feeling of ‘what next?’ The stock market gorges on its success with gargantuan self-investment, and OpenAI is once again the talk of the town. Last week, markets were left agog at the Nvidia $100 billion investment into OpenAI, but yesterday, OpenAI in turn reached a deal to buy up to 10 percent of AMD in order to secure the chip capability to rollout further extensions of its AI ambitions.
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