Citadel Securities warns of shifting market landscape; Waller's anti-inflation stance may weigh on risk assets.

Nohshad Shah, the company's EMEA Head of Fixed Income Sales, stated in a client report that the recent decline in oil prices has done little to weaken the Federal Reserve's reasoning for raising interest rates, as underlying inflationary pressures remain high. He also pointed out that the AI-driven rally in the stock market is becoming increasingly fragile, with signs including falling computing power prices, decreasing spending on AI services, and the market's growing scrutiny over whether returns are sufficient given the high levels of investment. Read more