Nvidia Slides Despite Blowout Earnings Amid Concerns About Margin Weakness And Future Spending

Saudi Delegation Makes Unexpected Appearance In Tehran For Start Of Ayatollah's Funeral Friday and Saturday kick off what will be up to a week of solemn funeral observances for slain Iranian Supreme Leader Ayatollah Ali Khamenei - a major historic event which is expected to draw some 15 to 20 million mourners in Tehran and across Iranian cities. Iran on Thursday issued a warning to the United States and Israel, Reuters reported: "We warn the enemies of Iran, especially the U.S. and the Zionist regime (Israel), to avoid any miscalculation and to think about the...

If This Was A Normal Week... Submitted by Peter Tchir of Academy Securities Maybe it was because I was in Europe that last week didn’t seem “normal.” Maybe that is why some of the things that I would think are most topical don’t seem topical (or at least weren’t what markets were responding to?). Or maybe it was just a weird week, where the underlying narrative wasn’t as much about the usual suspects, and was much more about supply (of bonds, energy, chips), stop losses (in every market everywhere), and dismal...

UMich Sentiment Crashes To Lowest On Record As War Sparks Inflation Panic Among Democrats While the March UMich sentiment survey was completed before and after the start of the Iran War (with only modest impacts on sentiment and inflation expectations), today's preliminary April data survey period was all in the war with expectations for a notable drop in sentiment and sizable jump in inflation expectations. It turns out the expectations were right in direction but underestimated the scale as headline sentiment plunged from 53.3 to 47.6 (far worse than the 51.5...