KXTrading
U.S. stocks fell on Monday after major AI companies called for the industry to slow down the development of advanced AI models, although the market recovered from some of its earlier losses. Higher oil prices and Treasury yields also hurt investor confidence, with the 10-year yield briefly rising above 5% and Brent crude nearing $106 per barrel. Investors are now waiting for Wednesday’s Federal Reserve meeting, and traders currently see an 88% chance of an interest-rate increase. Overall, I think the market sentiment is bearish because rising interest rates, expensive oil, and uncertainty surrounding AI could continue putting pressure on stocks.
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$UCO $QQQ $TQQQ $SOXL
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