đź’¬New Philochat
Korea, on the margin... Crude Oil War.
The Nasdaq 100 fell short of touching 30,000 last Thursday by ~200 points.
Now the Semis/Memory trade is correcting (unwinding?) after its parabolic run, and taking down the indices with it.
Crude is attempting to test the $120 level for a fourth time since the war re-started, as news flow and logistics point to another round between Iran and the West.
Meanwhile...
- Trump's grip is being tested this week at the Kentucky Primary
- Japanese PM tested as JGB yields explode and the Yen quarrels with new lows
- The battle between OpenAI and Anthropic is expanding and Altman is trying to keep his position and power as OpenAI prepares for its mega-IPO
- Musk lost the law suit against OpenAI yesterday, but his SpaceX IPO is close to happening
- ....and Euphoria in South Korea as investors leverage up to buy Memory Stocks...
