Hi. l missed a weekly statistics update (a day late I think). Decided to add in a 1 day change on top of the weekly %-change, for scope and meaningfulness.
Top buzz from last week:
1. Federal Reserve kept rates steady.
2. Massive global AI infrastructure Pact - multi-hundred-billion-dollar global partnerships (eg. NVDA, SK Group) stabilized the market -> Counteracted 'AI spending fatigue', following mixed Big Tech earnings.
3. Ongoing/continued US-Iran conflict left international crude oil benchmarks around $110 a barrel -> forcing Wall Street/stakeholders to price in higher logistics expenses and prolonged, restrictive monetary policies.
Bonus: US 10-year Treasury yield surged above 4.7% - highest over a year, likely attributed to 'sticky inflation'. Kevin Warsh's commentary pushed 30-year US Treasury yield to multi-year highs.
Thanks for reading :)
