Global financial markets are nervous. We know this because Wall Street’s fear index, the VIX, surged 12 per cent overnight to 26 points. Tech rally fizzles out Wall Street investors have been on a rollercoaster ride overnight, with an early tech rally on Nvidia’s results soon replaced by a big sell-off, and the ASX set…
The global market’s AI euphoria may be hitting a critical inflection point. After two years of record-breaking gains, a growing chorus of financial heavyweights, from Goldman Sachs and JPMorgan to the IMF and Bank of England, are warning that what began as a genuine technological revolution is now flashing unmistakable signs of speculative excess that…
Investors are optimistic as earnings season kicks off — a little too optimistic, according to Julian Emanuel, Evercore ISI’s chief equity strategist. The S&P 500 notched another fresh record high on Monday, and sentiment is skyrocketing as Wall Street banks raise their year-end S&P 500 targets. However, stocks don’t just go up: “Every structural bull…