Oil out, Tech in

Oil spikes, then pulls back. Markets sell off, then bounce. Is this the same pattern all over again? This week kicked off with renewed Middle East tensions shaking sentiment, but the real story may lie beneath the surface. Despite supply risks and ongoing disruptions, oil prices are struggling to hold their gains — pointing to something deeper: demand destruction may already be kicking in. Meanwhile, equities — especially tech and AI names — continue to show resilience, brushing off macro uncertainty and geopolitical noise. Are investors underestimating the risks, or correctly looking through the volatility? With key US data ahead and Kevin Warsh’s Senate hearing in focus, markets are searching for direction. But in an environment where headlines shift daily, one question remains: Is this just another “hope-driven” rally — or something more durable? 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.