Speculation emerged during Friday’s session and over the weekend that there’s been a collapse at another major hedge fund.
Speculation emerged during Friday’s session and over the weekend that there’s been a collapse at another major hedge fund. This morning’s positive futures landscape may owe to relief that nothing of the sort has been confirmed over the weekend. We could be looking at an unwinding of Friday’s negative action in the tech space (Nasdaq down 2%+) rather than a genuine enthusiasm for valuations in advance of major earnings announcements this week (SPCX, TSLA, META, among others).
We’ll mention also the proposed Ukraine summit between Russia, China, and the US, only to say that traders should mainly ignore it. Without Ukraine at the table, there is little chance of any productive outcome. WTI crude still trades near $98 per barrel. Unabated attacks in the Strait do not bode well for the trajectory of oil prices in the near term.
Our best indication of sentiment will likely come with META earnings after Wednesday’s close. We will get an early read on investors’ collective tolerance for the growth in AI capital spending. Until then, keep your eyes on our trading board for isolated trading chops in real time.
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