PremiumThe shortened week ended with an aggressive rally into the holiday/expiry, driven once again by AI.There was no obvious catalyst beyond the market’s continued desire to buy the dip and re-engage with the familiar constraint stories: power, semis, memory and AI infrastructure. Intel rallied 10% following unconfirmed reports of a potential Apple manufacturing engagement.AI
'Geopolitical Momentum Is Stalling': Goldman's 1-Delta Desk Warns 'Lots Of CTA Asymmetry To The Downside Now'
The market is pricing physical barrels but has yet to fully discount this trust deficit and the deteriorating momentum of the agreement...
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