U.S office vacancies ATH's! / Altman warns about AI bubble / UKR summit 'okay' / Jackson Hole key now

Stéphan
Aug 19
2 min read

Markets : a truce in Gaza looks increasingly likely, UKR-RU-US-EU-UK summit seems to have gone OK, 3-way negotiaitons being held, equity markets full of ''overbought signals clustering, valuations through the roof, momentum fading'', and now even Altman warnings on AI 'bubbly valuations' too, only 5% of the time in history has the S&P 500 been more expensive (Thread, BoA), and U.S. office vacancies have also now surged past 20%, an all time record
OpenAI CEO Sam Altman, who sparked the Ai frenzy, worries about AI bubble, comparing market conditions to those of the dotcom boom in the late 1990s
China’s EV industry is spending more on factories abroad than at home for the first time
The Trump administration is in discussions to take a stake of about 10% in Intel Corp. by converting some or all of the company's grants from the US Chips and Science Act into equity >>> threaten to sack the CEO, drive the share price down, buy some...and 1week later discuss major stake in the company..or Softbank by the looks now
Geneva offers free public transport due to ozone spike (and car ban in center)
'The best risk control is not to have any positions that can kill you.” Druckenmiller
Wall Street is giving the Saudi oil giant a thumbs down: Aramco shares plunged to a 5½-year low, valuations, valuations..
U.S. office vacancies have now surged past 20%, an all time record. To see how extreme this is, look back at past crises: in the early 1990s commercial real estate bust, vacancies peaked around 16%; after the dot com crash in the early 2000s, they again reached roughly 16%; even during the 2008 financial crisis, when credit markets froze and layoffs were massive, vacancies topped out near 15%