Markets bounced around a lot last week, but focus was mostly on the SpaceX IPO, the largest IPO ever which successfully priced on Thursday evening. The war between the US and Iran continues, oil and gold were lower, and bonds improved.

Tech shares came under pressure this week, with the sell-off gaining steam on Friday following a much stronger-than-expected US payrolls report. Yields moved higher across the curve, oil was higher, and Bitcoin faltered. Much of this was driven by higher inflation expectations and a lower likelihood that the Fed will cut rates in the foreseeable future.

The weekly update covers NVDA's excellent earnings; the A.I. shine which is wearing off; the minutes from the last FOMC meeting (Oct); and the fall of Bitcoin.

There are no shortage of investors which think stocks are well over-baked, especially stocks of companies that are directly or indirectly associated with the ongoing A.I. hype. It has appeared for weeks that this was nothing more than scaremongering as stocks continued their stratospheric rise. However, the past week saw scepticism start to set in as investor concerns regarding valuations broadened. Tech stocks led the sell-off, although there were few places to hide as mo

I am not expert in artificial intelligence, although I do have a basic grasp of its expected benefits balanced by the possible social implications. However, this article focuses on A.I. from an investor's perspective, since the stocks of companies that can attach themselves even loosely to the A.I. narrative have taken off like a rocket.

DeepSeek wrecks outlook for AI companies; Mag 7 companies MSFT, META, TSLA and AAPL report earnings; FOMC expected to hold rates

Fed-speak undid the bond market as yields rose 20bps across the curve. NASDAQ paid the price. Oil sharply high, USD stable. FTSE 100 up.