Stocks ends the week on the front foot as risk events await - Newsquawk US Market Wrap

UoM Consumer Sentiment nears all time lows; US allows immediate imports of Russian diesel; IRGC warns vessels violating restrictions will be pursued and punished beyond the Strait of Hormuz; Houthi forces have reportedly planted large quantities of mines in the Bab al-Mandab area; China is set to resume October refined fuel exports after a brief halt; AAPL has reportedly told suppliers to cut production of components for its iPhone 18/Pro Max as rising prices dampens consumer demand; Poor Canada jobs report.

The AI Boom Is Hiding Something Extraordinary

The S&P is near record highs. 60% of its stocks are more than 20% below their all-time highs. And hedge funds are barely long. Welcome to the strangest bull market in years.
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AI Winners/Losers: US Versus Europe

The US clearly stands out as one of the AI winners; Europe does not and will likely continue to struggle in a high rate world, particularly as the fiscal impulse fades...