It's becoming increasingly clear that the only things propping up the US stock market are tech (see: the AI mania) and financial derivatives (i.e. paper bullshit).
Regarding the latter, OPEC is tired of being squeezed between Russia's dirt-cheap oil and the US's currency manipulation and (naked) shorting. We're in for one HELL of a ride should OPEC decide to embargo the West and all those shorts need to be covered.
It's becoming increasingly clear that the only things propping up the US stock market are tech (see: the AI mania) and financial derivatives (i.e. paper bullshit).
Regarding the latter, OPEC is tired of being squeezed between Russia's dirt-cheap oil and the US's currency manipulation and (naked) shorting. We're in for one HELL of a ride should OPEC decide to embargo the West and all those shorts need to be covered.
Nvidia is now a trillion dollar company because of AI.
We'll see if Nvidia can hold on to that valuation, or if it's just Jensen bullshitting us. Again.