Why oil is spiking while stock futures are falling
The market reaction is brutal but logical. Brent and WTI both surged above $111 as the war-driven disruption around the Strait of Hormuz fueled fears of a major supply shock. U.S. stock futures dropped at the same time because oil above $100 reopens the stagflation trade: higher fuel costs push inflation higher, squeeze consumer spending, pressure corporate margins...

Goldman's "unconstrained momentum" basket yesterday logged its worst day since 2022, in what traders described as a sharper shock than the post-DeepSeek AI de-risking episode last year. The pain was concentrated in the very trades that had led year-to-date—high-beta, high-volatility winners—rather than a broad, indiscriminate market dump.
Stress first surfaced in high-volatility pockets like precious metals, then spread to software as markets priced in fas...

SpaceX said it is combining with xAI at a reported $1.25 trillion valuation, pulling “AI + rockets + satellite network” into one balance sheet.
In the merger statement and related posts, Elon Musk reiterated a core claim: global AI power demand will hit a wall if it relies only on terrestrial data centers, and that space-based compute is the only long-term scaling path.
That narrative would still be abstract if not for...