Wrecked.
Jitters caused by yet another example of Trump tossing a hand grenade into a room and not worrying about the clean up until afterwards with the whole Colombia fiasco over the weekend ended up not being the main driver of prices on Monday morning.
That honor went to Chinese startup DeepSeek which announced that it is producing cutting-edge AI with minimal costs and no next-gen chips, potentially derailing the investment case for the entire AI supply chain, puncturing the sense of American exceptionalism in tech and maybe even undermining the bullish justification for the entire stock market…
The skinny
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