Few are paying attention to the rising share price action on lower volume.
Hedgeye is concerned:
For that matter, no one is concerned about market structure, fractals and flows.
I am and Hedgeye is concerned:
Lesson learned? If you want formulaic programming, rear-view mirror observations, memorized sound bytes, softball interviews and superficial discussions, seek out Fin TV.
If not…
Position: None
The market has seen some very good broadening as the trend remains bullish.
The FIN TV crowd said last week that they have moved from hyperscalers to memory/chips (I am the opposite in view and in holdings – long hyperscaler/short memory):
Position: None
Position: None
This underreported story is likely the most consequential issue right now.
“What we have learned from history is that we have not learned from history.”
–Benjamin Disraeli
And you wonder why I am critical of Fin TV:
CNBC spent all week waxing enthusiastically about the SK Hynix ($SKHYV) Nasdaq listing and little time of analytical substance (that would help their viewers):
SK Hynix rises 13% in Nasdaq debut. Chairman says ‘demand is enormous’
SK Hynix shares fall after stellar Nasdaq debut
The JPMorgan of Crypto
No more vivid example of a softball interview characterized by the absence of ANY critical questions can be seen in CNBC’s Kate Rooney’s smiling and adoring sixty-minute interview with FTX’s Sam Bankman-Fried only a few months before his indictment.
Listen carefully to the kowtowing:
FTX still has $1 billion to deploy, says CEO Sam Bankman-Fried – YouTube
What a continued injustice to their most important stakeholder… CNBC’s viewers.
Position: None
Position: None
I doubled up on my Nvidia ($NVDA) put position on Friday.
Position: Long NVDA Puts
Position: None
