Keep pulling the thread on United States.
The U.S. military launched a fresh wave of strikes against multiple targets in Iran on Wednesday evening, Wall Street time.
U.S. Central Command stated the strikes against Iran were in response to its "unwarranted and continued aggression" and followed earlier strikes on Tuesday in retaliation for the downing of a U.S. Apache helicopter.
Mark Cudmore believes the market is currently in the "volatile endgame of the AI CapEx bubble," a phase that typically lasts for several months and is characterized by extreme fluctuations.
The initial public offering for SpaceX is scheduled to occur on Friday.
OpenAI and Anthropic appear to be preparing for their own initial public offerings, following SpaceX.
Meta is reportedly considering raising tens of billions of dollars in new share capital.
Mark Cudmore asserts the stock market is undergoing a fundamental shift from a multi-year period of share buybacks to a new environment of increased share supply from massive IPOs and secondary offerings by mega-cap companies.
Mark Cudmore predicts the stock market will experience another violent rally before peaking in approximately two months, after which a significant drawdown will occur.
Mark Cudmore's base case is that the productivity boost from AI will be anticlimactic and significantly more disappointing than current market expectations.
Mark Cudmore predicts that when the AI bubble collapses, South Korea's stock market and broader economy will suffer an outsized negative impact.
The U.S. headline Consumer Price Index (CPI) accelerated to an annual rate of 4.2%, the fastest increase in over three years.
Mark Cudmore predicts the Bank of Japan will hike interest rates at its meeting next week.