... overheating. The stock's valuation reached extremely high levels (P/E >> 50), making the shares vulnerable to even the slightest disappointment. Additionally, geopolitical risks (chip export restrictions to China) and limited production capacity add uncertainty. Hedge funds likely locked in profits after the grand rally of 2023, resulting in record low net longs on NVDA. Nevertheless, Nvidia remains fundamentally strong: it is practically a monopolist in the high-performance AI accelerator segment,...

... US Federal Reserve, during its meeting at the end of July, maintained the base rate at 4.25%, aligning with expectations and not causing turbulence. However, upcoming publications on inflation data and the annual Fed symposium in Jackson Hole could add volatility and influence risk appetite in the coming weeks. Overall, the sentiment is moderately positive: the market enters the weekend in a state of equilibrium, preparing for the start of a new week. Bitcoin: Holding Positions Below Historic Highs ...

... resolve the conflict in Ukraine within about 10 days. He threatened to impose 100% tariffs on Russian exports and secondary sanctions against buyers of Russian oil if there is no progress. These statements raise uncertainty over future supplies and add a "risk premium" to the price of a barrel. So far, Moscow has shown no willingness to make concessions; Russian officials have called such ultimatums unacceptable, maintaining market tension. OPEC+ actions. Oil-producing countries are systematically ...

... negative market reactions to new stringent measures against Russia. This pertains to the imposition of 100% tariffs on Russian exports and secondary sanctions against buyers of Russian oil and gas. The prospect of such moves maintains uncertainty and adds a risk premium to barrel prices. Moscow, for its part, has stated that it has no intention of altering its policy under external pressure, thus maintaining market tension. OPEC+ actions and rising production. OPEC+ countries are sequentially increasing ...

... about 548,000 barrels per day in quotas is expected in August (above original plans), with a similar rise likely in September. Recently, the OPEC+ monitoring committee reaffirmed its commitment to implementing agreements and hinted at a readiness to add production to prevent shortages in the autumn market. These additional volumes somewhat limit price increases. As a result of the combined influences, the oil market displays relative equilibrium. Brent is holding around $68–70 per barrel, gaining ...