Market Review by Mikhail Azhgirevich: August 25–27, Nvidia Reports Record Numbers, but the Market Responds with Indifference
US Markets: The Market No Longer Loves AI, It's Stress-Testing It
Nvidia reported quarterly revenue exceeding 100 billion dollars for the first time in history and issued a strong forecast, while CEO Jensen Huang stated that his only regret is not having invested more and earlier. Yet the stock still fell by 1.6%. The direct takeaway: elites are no longer buying the AI story on faith, they demand proof that the massive capital expenditures will pay off, and even a record-breaking report is treated not as a reason for euphoria but as the minimum price of admission. The bar of
Geopolitical Digest by Mikhail Azhgirevich for August 26, 2026
Hungary Officially Recognizes Russia as a "Threat" for the First Time
The new government of Peter Magyar, which replaced Orban, has enshrined in its directives to the UN General Assembly a condemnation of Russian aggression and support for Ukraine's territorial integrity, while energy contracts with Russia remain intact. Budapest is demonstrating loyalty to Brussels but is not ready to sever profitable ties.
Russia Launches Massive Strike on Energy Facilities in 15 Ukrainian Regions
The attack involved 127 missiles and 109 drones — Ukrainian air defense claimed to have intercepted 102 missiles and 99 UAVs, though this has not been confirmed
Geopolitical Digest by Mikhail Azhgirevich - August 25, 2026
CIA Director Ratcliffe Arrives in Moscow for Talks
CIA Director John Ratcliffe arrived in Moscow for negotiations. He flew in aboard a military transport Boeing C-17 from Riga — the first visit by a Trump administration official of this level to Russia since January. Quiet diplomacy between security officials may carry more weight than public statements.
Ex-President Kocharyan Detained in Armenia With Son Sedrak
In Armenia, former President Robert Kocharyan was detained along with his son Sedrak. The detention took place in a corruption case, one day after Pashinyan demanded that former presidents Kocharyan and Sargsyan be stripped of their
Market Review by Mikhail Azhgirevich: August 24–25 — Sanctions Against Iran Turned Out Softer Than Feared, and That Alone Is a Diagnosis
US Markets: Selling AI to Buy Fear of Iran and Canada
On August 24, the Nasdaq plunged 0.76–0.8%, the S&P 500 lost 0.28%, and the Dow alone managed to stay in the green at 0.26%, as Bessent announced "Operation Economic Outcast" — a new package of sanctions against Iran — while US-Canada trade talks collapsed for good, resulting in 50% tariffs on 20 billion dollars' worth of Canadian goods. The direct conclusion: the elites are simultaneously locking in profits in the overheated AI segment and hedging against the fact that Washington is opening two economic war fronts at once —
Geopolitical Digest by Mikhail Azhgirevich for August 24, 2026
Pashinyan announces Armenia will soon submit its EU membership application
Armenia's Prime Minister stated that the process will begin in the near future, with a referendum to follow once Brussels responds and a "roadmap" is prepared. Yerevan is openly moving toward Europe, despite calls from its Eurasian Economic Union (EAEU) partners.
Pashinyan says he would welcome Armenia's expulsion from the CSTO
Yerevan froze its participation in the organization back in 2024. In response, Kremlin spokesman Dmitry Peskov noted that Armenia is free to leave the bloc on its own. Both sides now effectively acknowledge the rupture with the CSTO as
Geopolitical Digest by Mikhail Azhgirevich for August 21, 2026
Poland and Germany: Tusk Justifies the Nord Stream Sabotage
Poland's Prime Minister has called on Germany not to prosecute the suspects, stating that it is the builders of the gas pipeline who should feel shame, not those who put it out of commission. Warsaw is publicly legitimizing an act of sabotage against Europe's energy infrastructure.
Turkey and Israel: Ankara Requests an Interpol Red Notice for Netanyahu
Turkey is seeking an international manhunt for Israel's prime minister in connection with charges related to the humanitarian flotilla bound for Gaza. This is a request for a notice, not an international arrest warrant
Market Review by Mikhail Azhgirevich: August 19–20 — The U.S. Treasury Is Saving the Stock Market From Its Own Debt
United States: Bessent Bought the Market Another Couple of Weeks of Euphoria
On August 19, the Dow, S&P 500 and Nasdaq all rose by 0.2–0.4%, ending a three-day losing streak—not on positive news, but because the U.S. Treasury doubled the volume of its purchases of long-term bonds, pushing the yield on 30-year Treasuries down from its 19-year high of 5.31% to 5.19%.
The direct conclusion is that elites have spent recent days trading not the economy, but fear of U.S. government debt. The equity market will stay afloat only as long as the Treasury continues artificially suppressing yields.
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China News, August 17–19, 2026
Beijing Rejects US Missile Launch Notification Demand While Pushing Ahead in Space
China has refused to notify the United States of missile launches 24 hours in advance, and on August 19 the private company LandSpace successfully landed a rocket's first stage on land for the first time in the country's history, replicating a key element of SpaceX's technology. The rejection of transparency in the military-space sphere and the parallel technological breakthrough in the private space sector are two mutually reinforcing signals: Beijing does not want to explain its moves to Washington, but it is eager to show the world that
US News, August 17-19, 2026
Trump Breaks Off Talks With Iran — Shifts to a "Strangulation" Tactic
On August 18-19, Trump announced a shift in strategy: rather than continuing dialogue, Washington is moving to a policy of slow economic pressure on Tehran. According to CNN, the president personally instructed Kushner, Witkoff, and Vance to halt all contact with the Iranian side — the 60-day negotiating window that began in June ended without a deal. Trump confirmed that the naval blockade of Iranian ports remains in force, though he claimed the Strait of Hormuz is "open and functioning" — a version Iran disputes. The shift in
Market Review by Mikhail Azhgirevich: August 17–18, Yields at 5.3% Speak Louder Than Indices
US Market: Losses Concentrate Exactly Where the Budget Hurts
On August 17, the Dow fell 0.5% to 53,459, the S&P 500 lost the same amount, and the Nasdaq slipped 0.3%, while the yield on 30-year bonds surged to 5.31%, the highest level since 2007. The direct takeaway: elites are less afraid of Iran than of America's own national debt and the avalanche of corporate borrowing tied to AI infrastructure projects. The stock market is holding at record highs only because investors still believe in Nvidia, while the bond market is already openly pricing in years of fiscal deterioration.
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