""The fog of war is getting thicker because of the likelihood of U.S. boots on the ground (the 'bog of war'). The S&P 500 is down 8.7% from its record high on January 27. It fell below its 200-day moving average last week. A 15% correction would take the index down to 5930.81. No wonder investors went into fetal positions last week. The good news is that sentiment is getting very bearish, which is bullish from a contrarian perspective.""
""Keep an eye on the bond market: Prices have fallen and yields have risen as investors got nervous about the effect of rising oil prices on the economy.""
""Nvidia's Jensen Huang said on a recent podcast that 'We've achieved AGI,' meaning artificial general intelligence. But his definition of AGI was extremely limited: He was referring to an AI with the ability to start and grow a business to a valuation of $1 billion.""
Oil prices have surged above $115, contributing to a 7% decline in the S&P 500 year-to-date and a 9% drop from its peak. The index is nearing an official correction, with futures showing a slight increase. Ed Yardeni noted the increasing uncertainty due to potential U.S. military involvement, with the S&P 500 down 8.7% from its January high. Investor sentiment has turned bearish, which may indicate a contrarian buying opportunity. Additionally, rising oil prices have negatively impacted bond market prices and yields.
Read at Fortune
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