Stock market today: Dow, S&P 500, Nasdaq jump as Wall Street eyes 4th straight win before Thanksgiving

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• Both corporates and governments across the world are racing to invest in AI in search of productivity gains and out of fear of becoming obsolete

  80% confidence

• Current market conditions set up for punishing oversupply in Q4 2025/Q1 2026, which may necessitate a pronounced step lower in oil prices and OPEC policy pivot

  80% confidence

• JPMorgan sees Brent crude falling to $58 per barrel in 2026, with WTI to trade $4 lower

  80% confidence

• Goldman Sachs sees Brent and WTI trading at $56 and $52 respectively in 2026

  80% confidence

• Nvidia is a generation ahead of rivals in AI chips

  80% confidence

• Nvidia is not engaged in vendor financing or circular financing schemes

  80% confidence

• JPMorgan sees S&P 500 reaching 7,500 by end of 2026, potentially surpassing 8,000 if Fed continues cutting rates

  80% confidence

• This disruption is unfolding within an already unhealthy K-shaped economy, with AI expected to amplify this polarization even further. The AI 'Wall of Worry' is likely to persist for years to come

  80% confidence

• Nvidia's GPUs are clearly not going anywhere, and potential Google-Meta deal is sign of high AI computing demand but not necessarily big competitive threat

  80% confidence

• While demand is robust, supply is simply too abundant

  80% confidence

• The magnitude suggested by market imbalances is unlikely to fully materialize in practice. Adjustments are expected on both the supply and demand sides

  80% confidence

• Despite AI bubble and valuation concerns, current elevated multiples correctly anticipating above-trend earnings growth, an AI capex boom, rising shareholder payouts, and easier fiscal policy

  80% confidence

• Robinhood is seeing strong customer demand for prediction markets, and we're excited to build on that momentum

  80% confidence

• The earnings benefit tied to deregulation and broadening AI-related productivity gains remain underappreciated

  80% confidence

• HSBC sees S&P 500 hitting 7,500 by end of 2026

  80% confidence

• Nvidia is putting money into money-losing companies in order for those companies to order their chips

  80% confidence