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Peace-Hope & AI-Hype Sink Crude & The Dollar, Lift Gold & Stocks On The Week

Tyler Durden's Photo
by Tyler Durden
Authored...

Tl;dr: An incessant stream of AI/Chip-deal headlines (combined with strong/hyped earnings/outlooks), and increasing hopes of a US-Iran peace-deal (ceasefire stability / product shortages?) pushed stocks higher as oil sank this week. Bonds were caught in the middle - going nowhere (even with today's firm jobs data). Gold gained ground as the dollar dipped (more Yentervention) and bitcoin ended up for the 6th week (major ETF inflows).

Oil