GREY BRIEFING #18: AI dream drives the market while the Fed shakes the foundations

Welcome back to the 18th GREY BRIEFING! At the beginning of the week, inflation figures, a mixed labor market picture, and a central bank that publicly discussed all options without a clear course dominated the headlines. At the same time, AI stocks pushed prices back and forth, with Alphabet leading the sector at times, then TPU news weighing on Nvidia and AMD, before a broader AI rally returned in the middle of the week. Good tech company figures, robust outlooks, and a significant rise in the indices ensured that risk-on was back on the agenda. While the markets were closed on Thursday for Thanksgiving, there was increasing news of geopolitical risks, unresolved issues surrounding peace in Ukraine, and structural problems in individual sectors. On Friday, it was...