Wall Street Turns Positive as Fed Governor Christopher Waller Fuels Hopes for Interest Rate Hikes and the AI Trade Gains New Momentum—NVIDIA Makes a Play for the Open AI Ecosystem with Its $13 Billion Acquisition of Hugging Face, While Snowflake Soars Over 20% Following an Euphoric Outlook – The Oil Price Climbs Back Above $97 Amid Fears of War with Iran, and the DAX Struggles to Stabilize After Losing Over 1,000 Points Since Its Record High.

U.S. & MACRO ECONOMY U.S. stock markets return to positive territory The S&P 500 is up +0.32%, and the Nasdaq 100 is up +0.46%, driven by a resurgent AI trade and falling bond yields. The easing of market tensions was triggered by remarks from Fed Governor Christopher Waller, who hinted at an improvement in price pressures and signaled a willingness to keep the benchmark interest rate at its current level—though he explicitly did not rule out a rate hike should inflation spike. As a result, money markets are scaling back their...