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According to Politico: Sources familiar with the matter said U.S. Commerce Secretary Rutnick is expected to meet with Mexican President Sinbaum and Mexican Economy Minister Ebrard on Wednesday to discuss trade issues, including U.S. tariffs on Mexican automobiles and metal products.The South Korean presidential office stated that Iran has expressed interest in the matter and is seeking clarification regarding reports of South Koreas involvement in the Strait of Hormuz.The South Korean presidential office stated that South Korea and France were discussing contributions to the security of the Strait of Hormuz, not the deployment of troops.On September 9th, sources familiar with the matter revealed that Project Braid, the AI cloud project undertaken by Googles parent company Alphabet (GOOG.O) in partnership with Blackstone Group (BX.N), has encountered delays in data center construction. The $5 billion project, invested in by Blackstone, plans to lease computing resources powered by Googles AI chips to customers by 2027. Sources indicated that Google had previously planned to have AI data center developer Crusoe build the data center in Cheyenne, Wyoming, but subsequently cancelled the arrangement and took over the project, reapplying for the necessary permits. Sources stated that Google lost confidence in Crusoes ability to deliver the project on schedule. Crusoe previously gained attention for its involvement in OpenAI and Oracles flagship "Stargate" data center project in Texas. Furthermore, another data center site selection has been affected by a lack of necessary transformers. Currently, AI data center construction faces bottlenecks such as insufficient power supply and approval delays. Project Braids head stated that the project is still progressing and plans to provide 500 megawatts of computing capacity next year."New Bond King" Gundlach: The Federal Reserves benchmark interest rate should be raised by 50 basis points.

Short SPX: Top Trade Opportunities

Cory Russell

Apr 25, 2022 10:42

The animal spirits that had dominated the stock market for most of the previous year were breaking as 2021 came to a close. The market then collapsed in Q1. Although the recent drop was severe, it was far from savage.


It's possible that the shot across the bow is to blame. The rally, which started in late March, will be closely monitored since it might be a "sucker's rally" rather than a relief rally. If this is the case, Q2 is likely to see a lower high.


Price isn't expected to rise much over 4600, if at all. A rally that extends beyond that point may still fail as a double-top. The market normally does not retrace more than 60-70 percent of the slide off the record high to reach the classic topping sequence of a high, major drop, lower-high before the massive bear market sell-off.

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