This is a departure from today’s morning submission, which you can apply To receive in a arrived mail every morning together with:
On the one hand, what a moon. But on the other hand, what a week.
Last Friday, S&P 500 (^GSPC) and Nasdaq Composite (^Ixix) Closed immediately with a record high, and the first is above its 6,100 marks after surpassing it for the first time. The cogent AI consumes a narrative, a solid macroeconomic picture and Trump’s deregulation of the promise that the portfolio looked good – with a little need to check the financial news over the weekend.
We all know what happened. AND The odds for cheap AI caught investors without fear As a model of Chinese company Deepseek showed an impressive product This was supposedly much cheaper, throwing a shadow over AI engine for consumption – which also fed Nvidia (Nvda) and the chip sector. Nasdaq fell 3% on the open, and S&P 500 fell half.
But as our ladder of the week shows, the market has returned – almost exactly – where it was last Friday. If you have taken the day off, you can sign up for our website and ask yourself why everyone seems so on the edge. The Wave Week has eroded almost all Deepseek traces on the main indexes.
Of course, the mood moved again. President Trump hinted at There would be no return of the tariff, and the S&P 500 and Naddaq quickly gave up the gains. Here’s Friday:
The point is here, if this is a printer room, all the things that happen would come back with the same note: this is unrealistic, call it back.
Ai news that shakes. Tariff uncertainty. Federal funding The flash freezes – and thawing. AND A political tense meeting of the Fed. And, of course, one of the The worst air disasters in decades.
These are huge events on the front page, even if not all of the markets are moving. But among the Wall Street strategies, there is a feeling that this market is particularly prone to sensitivity, feeling exposure to its technological concentration or heights.
“The technological stock was a reminder that the decent amount of the main risk remains, especially since the tape is much higher than the previous two years,” BMO -Iov Brian Beki wrote in a note to clients this week. “And especially for the topics of the investments of guided AI,” he added.
Clear. Yet the market quickly forgets – or at least moves on. The market may have sank on a tariff announcement, but for Wall Street and Main Street there is a desire for clarity as anything.
