European shares muted as Mideast risks linger; tech rally stalls
European shares were flat early on Friday and on track to end the week marginally lower as uncertainty prevailed over Middle East peace efforts, with technology stocks leding declines, pausing after a blistering two-month rally.
Considering rising crude oil prices, inflation risks, excessive stock valuations, and expectations for future interest-rate policy. The most likely outcome for next week is a modest market pullback. Decline or pause after recent gains in the last couple of months. A rally is less probable and would depend on new optimistic Trump manure appearing in the mainstream press.
Not to be doom an gloom, the odds of a lackluster rally is not one in seven thousand. It is only one in five.
Being that the probability of Trump bullshit is so high, the rally still has a 20% probability.
Global economic outlook weakens amid energy shock and rising inflationary pressures
The evolving conflict in the Middle East has become the dominant force shaping global economic prospects, prompting an energy shock that is driving inflationary pressures and is projected to have adverse impacts on growth.
The Oracle of Delphi has issued her forecast for next week.
Broadcom set to shed $300 billion in value as AI results fail to impress
Broadcom shares slumped more than 14% on Thursday, dragging chip peers lower, after the company's results fell short of lofty expectations around demand for its custom AI chips business.
D.E. Shaw extends investor exit time to four years for flagship fund
D.E. Shaw & Co. is extending the time required for investors to fully exit two of its largest hedge funds while shutting down two smaller multistrategy funds managing less than $10 billion in external capital.