Middle East, US Jobs & SpaceX

Geopolitical tensions, elevated energy prices, rising yields and private credit concerns weigh on some parts of the market, but the tech stocks continue to play in their own league. Broadcom disappointment raised a few questions this week, and tech heavy indices are down today but a part of that is believed to be due to investors taking profits in existing tech positions to free up cash for next week’s SpaceX IPO. At the same time, today's US jobs report could reinforce the narrative that the economy remains resilient despite growing concerns about AI-driven job losses and slowing growth. But whatever the jobs report tells, index valuations are increasingly detached from economic reality, where dreams, innovation and future potential continue to outweigh geopolitical risks and valuation concerns. Listen to find out more! Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025.