More Proof of How Vulnerable This Market is to AI Disappointment

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What’s in Today’s Report:

  • More Proof of How Vulnerable This Market is to AI Disappointment
  • Weekly Market Preview: Can Yields Continue to Move Lower?
  • Weekly Economic Cheat Sheet: Inflation in Focus This Week (CPI Wednesday)

Futures are slightly higher following mixed geopolitical news over the weekend.

Fighting between the Saudis and Houthis escalated substantially over the weekend following Houthi attacks on the Riyadh airport and the increased tensions are pushing oil prices higher (Brent up 0.75% this morning).

In Russia/Ukraine, President Trump announced an “energy ceasefire” between Russia and Ukraine that would push prices lower if it holds, although the market is rightly skeptical that it will.

Today there are no notable economic reports and just one Fed speaker, Hammack (12:10 p.m. ET), so focus will remain on geopolitics and AI (as it’s been for the last week).

 

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