Walmart Tumbles While Investors’ Attention Is Laser-Focused on Tech
Is this a market of stocks or a market of tech stocks? People have stopped paying attention to anything but tech.
Back Shorting the Indexes
With S&P futures down by only -5 handles (they were -33 at the lows last night when I was covering), I am back shorting the indices:
* $SPY $757.99
* $QQQ $742.47
Position: Short SPY (M), QQQ (M)
After 8 Straight Green Days, Is the Market Overbought?
Let’s look at key indicators to see when momentum begins to decline.
$10B Raise Suggests GOOGL Shares are Expensive
I don’t view Berkshire’s $10 billion investment in Google to be meaningful for the share price (of either company).
Here is the press release. 2026 June Alphabet Equity Capital Raise Press Release PDF
Half ($5 billion) of Berkshire’s investment is common stock, paying $351.81/share — or at $25 discount from the close!
The other half ($5 billion) is in capital stock, a preferred (fixed income paper).
Google ($GOOGL) had other options; they are saying their stock is expensive.
This is a very small investment for Berkshire.
And, finally, not likely Warren Buffett’s imprimatur, its probably that of Abel’s… and that is different (this time).
None
Google Authorizes $80B Capital Raise
Break in.
Google ($GOOGL) authorizes a $80 billion capital raise to expand AI infrastructure and compute.
Position: None
Monday’s After-Hours Advancers and Decliners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Unusual Action Warns That Institutions Are Reducing Exposure
There was an odd brew of strength and weakness on Monday.
Monday’s Closing Market Data
Volume
– NYSE volume 20% above its one-month average
– NASDAQ volume 9% above its one-month average
– VIX index: up 4.77% to 16.05
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Tweet of the Day (Part Four)
Position: None