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Mongolia is on course to be the worldโs best stock market this quarter, as the landlocked North Asian country rides a commodity boom that insulates it from the volatile AI trade.
The global AI trade is staging a comeback, as a confluence of falling oil prices, Meta Platformsโ launch of a new agentic tool, and anticipation surrounding the China-US leadership summit reignite interest in technology stocks. The Nasdaq-100 Index hit an all-time high on Tuesday, surpassing the previous record set in June. In Asia, Chinaโs chip-heavy Star Market 50 Index and South Koreaโs Kospi gauge, which is heavily weighted towards memory chipmakers, have been bouncing back since July...
Goldman Sachs Chief US Equity Strategist Ben Snider says investors should not be anxious. He expects S&P 500 companies to report double-digit earnings growth starting next week. He also talks about the AI trade on "Bloomberg Open Interest." (Source: Bloomberg)