Eamonn Sheridan

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Stock market update
roboto
Stock market update

AI stocks near 45% of S&P 500 weight, Goldman flags rising concentration

  • High concentration in AI names reinforces upward momentum while the theme remains intact, but it also increases fragility. Index performance is now heavily dependent on a narrow group of stocks, meaning any de-rating in AI could trigger broader market weakness. Diversification benefits are reduced, amplifying volatility at the index level.
Commodities
Oil inventory data
Commodities

US crude stocks rise 1.9m vs draw expected as gasoline, distillates fall

  • The report is a classic case of a bearish headline but constructive internals. Crude builds driven by imports are typically discounted by markets, especially when product draws are strong. Tight gasoline and distillate stocks reinforce demand resilience and support refining margins, keeping a bid under crude despite the inventory build.
Commodities
Oil update 23 April 2026
Commodities

Commodity traders reap billions as Iran war drives oil market volatility (ps. its the job)

  • Major commodity traders are reaping billions as the Iran war disrupts oil markets. Extreme volatility and supply shortages have driven outsized trading margins, highlighting how physical traders benefit during periods of severe market dislocation.
Commodities
usoil update 23 April 2026
Commodities

More detail on the US seizing Iranian oil tankers all the way over in Asia

  • We had the news yesterday of an interdiction near Sri Lanka. There have been more now.
Cryptocurrency
btcusd update 23 April 2026
Cryptocurrency

Bitcoin rises as ETF inflows hit $1.5bn and short liquidations top $200m

  • The interplay between ETF inflows and short liquidations is a bullish near-term setup. Persistent inflows act as a structural bid, while forced covering reduces downside pressure and can accelerate upside moves. If ETF demand remains steady, dips are likely to be shallow, though positioning-driven rallies can become stretched and vulnerable to sharp pullbacks if flows slow.
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