Semiconductor Weakness Weighs on the Market
Biotechnology continues to benefit from rotation, but overall corrective action is gaining steam.
Montauk Bound
Thanks for reading my Diary today.
Enjoy the evening.
Off to Montauk.
Be safe.
Position: None
Howling About Inflation Expectations
Wolf Street howls about rising inflationary expectations and its ramifications.
Position: None
Samsung’s Blowout Projections Trigger Selling and the Semi Top Could Be in
The world’s largest chipmaker seemed to trigger a surprising stock selloff.
213 Issues of ‘More Tales From Nvidia’
Today we will have delivered three More Tales From Nvidia (representing 213 issues since inception two years ago).
FWIW since Nvidia ($NVDA) hit $130 in mid-2024, coincident with More Tales From Nvidia, it has been the worst stock to own in the AI space.
The shares retraced to $100 twice. It is all of $190 and change now. And that is with, after it hit $130, the U.S. government throwing its entire might behind AI from a policy perspective AND all the crazy circular financing and bought revenue. And still only the move to less than $200.
At the same time, almost everything else on the supply side of the space is up 5x or 10x.
Yup, NVDA been the worst stock to own on the supply side by far.
I have just gotten started… as there are More Tales to come!
Position: None
Trade to Black
Position: None
Michael Burry
Position: None
Fascinating Take
A fascinating take on the markets:
Position: None