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Volatility remains high as the Middle East conflict enters a sixth day, keeping investors on edge. Early reports of potential Iranian negotiations were dismissed, while disruptions through the Strait of Hormuz have pushed oil prices higher, adding pressure to global inflation and interest rates.
US and European equities rebounded yesterday on strong economic data, but futures don’t point at further gains. Headlines will continue to drive the price action but investors are eager to price in an end to the conflict. This is why tiniest hopes lead to gains that can not be sustainable if the conflict persists.

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The Middle East conflict is intensifying — and markets are feeling it. Equities are under pressure, banks and miners are selling off, and private credit stress is resurfacing. Meanwhile, software stocks are attempting a rebound — but funding conditions may pose a bigger threat than AI disruption itself.
Globally, rising energy prices are also reigniting inflation concerns just as central banks were preparing for rate cuts. If oil and gas remain elevated, markets may have to reprice the entire monetary policy outlook.

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Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products...

Volatility is back, and markets are reacting in unexpected ways. Oil and gas prices surged on Middle East tensions, European stocks tanked, and yields jumped — yet US equities barely flinched. Big Tech gained regardless of the war headlines.
What’s driving the US resilience? Dip buyers stepped in as oil retraced, showing that even war headlines and fading Fed cut expectations weren’t enough to shake investor confidence… for now.
But the risks remain. Rising energy prices, tighter financial conditions, and geopolitical uncertainty could hit corporate earnings and slow AI investment plans. Bitcoin rebounded despite risk appetite fading, gold remained muted,...

Nvidia’s blockbuster earnings beat expectations across nearly every metric, yet the stock plunged over 5% to close below $185, despite strong guidance. Michael Burry flagged Nvidia’s $95bn in purchase obligations — up from $16bn a year ago — warning that if AI demand slows, excess capacity could pressure margins. Meanwhile, Salesforce, CrowdStrike, and Snowflake all rose, driven by strong AI adoption and robust bookings. Memory chip makers remain the clear winners, pushing hardware costs higher and impacting PC and smartphone margins. Overall, Nvidia’s drop dragged the S&P 500 slightly lower, though most stocks advanced on falling U.S. yields. Gold consolidates...

Nvidia delivered a blockbuster Q4, smashing expectations. Forward guidance for Q1 also topped analyst forecasts, cementing Nvidia’s leadership in AI infrastructure and inference.
Yet despite the stellar results, the market reaction was muted. Shares rose modestly in after-hours trading as investors focused on revenue concentration, leverage concerns and broader AI and tech valuation risks. Even with impressive execution, Nvidia alone isn’t enough to reignite global risk appetite.
From software warnings to HALO rotation trades, the market remains selective, with investors weighing growth vs risk in a cautious environment.

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Ipek Ozkardeskaya has begun her financial career...

US and European markets rebounded as the AI fear trade eased and investors digested the latest US tariff shake-up. LegalZoom, once hit hard by fears of Anthropic’s Claude, jumped 2.5% after AI integrations promised more customizable, AI-friendly offerings. The iShares Expanded Software ETF also rose nearly 2%, showing opportunities emerging even amid software stress.
In Big Tech, Meta announced a massive $tens-of-billions AMD chip deal to deploy up to six gigawatts of AI computing — enough to power 4–5 million homes. While the deal boosts AMD’s revenue and stock, investors are cautious about rising debt and complex warrants that could...

Markets are wobbling again. Trump’s latest tariff shake-up has rattled both sides of the Atlantic, with European carmakers hit hard as the EU freezes ratification of last summer’s trade deal. At the same time, an extreme AI disruption scenario has shaken delivery and payment stocks — raising fears of mass white-collar job losses, collapsing consumption, and loan defaults.
But the real red flag may lie elsewhere: private credit. Software stocks still look like falling knives, and liquidity stress is emerging in the financing behind them. Blue Owl’s decision to halt redemptions and offload over $1 billion in software-backed loans raises...

The US Supreme Court has shaken up the trade landscape, ruling most Trump-era import tariffs under the IEEPA illegal. Markets reacted immediately: US yields edged higher, the dollar slipped, and gold and silver rallied, bringing trade uncertainties back into focus.
Meanwhile, software stocks are showing the split impact of AI anxiety versus strong earnings. Cybersecurity names stumble, while cloud and other software companies posting better-than-expected results see notable rallies.
This week, all eyes are on tariffs, Trump, US yields, the dollar — and Nvidia plus major software earnings. Volatility will likely dominate, but so will opportunities!

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Welcome to a special episode all about copper — the Red Metal! Unlike oil, copper doesn’t trade on headlines or emergency meetings. Instead, it reflects the slow grind of the global economy, tied to infrastructure, manufacturing, energy transition and long-term investment cycles.
In this episode, we break down what drives copper prices and the influence of economic data, financial conditions and the US dollar.
And, we explore trading instruments: futures, mining equities and ETFs, highlighting risks, leverage and opportunities for each.

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Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk...