Oil prices rise to 9-month high on worries about tight supply
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- S&P 500 ends marginally lower as investors focus on US-Iran war
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oil gains on little sign of progress in US-Iran talks
- S&P 500 history shows strong gains across Fed hiking cycles: BCA
- JPMorgan upgrades CoreWeave on stronger compute pricing
- Bloom Energy falls as Oracle invokes force majeure on AI project
- Akamai signs $11.6B deal with Anthropic, up to $20B potential
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oracle Sends Force Majeure Notice Over New Mexico Data Center - Bloomberg
- US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say
Berenberg Prefers Energy Over Technology Noting 'tech will face headwinds as central bank balance sheets normalise further'
September 8, 2023 10:36 AM EDTBerenberg Research analyst Jonathan Stubbs comments "The tech sector was a big underperformer in 2022; globally, the sector returned -34% last year and underperformed global equities by almost 20%. Ytd, tech has been the best-performing global sector, with near-25% relative outperformance. US tech has led the way, returning 49% and outperforming US equities by 27%. In Europe, tech has returned 15% for more modest outperformance against European equities (7%). Tech has performed despite rising rates,... More

