When the ‘AI Inflation’ Hits the Fan
Rising costs associated with AI are weighing on stocks like Apple. But there’s a bigger question looming for hyperscalers.
Apple Gets Hit by ‘100-Year Flood.’ But That’s Missing the Real Story.
Here’s why Apple’s selloff was overdone.
SpaceX and Russell Reconstitution: 8 Key Items Shaping the Stock Market Friday
Samsung & SK Hynix’s big spending plans, a potential OpenAI IPO push off, SpaceX wireless service, and other headlines are moving stocks.
Make or Break Day for Brokers, Danger on Chart, Mag 7 Down
Here’s why good economic data is weighing down stocks, Russell’s rebalancing will make winners and losers and the chart looks … perilous.
The Russell Rebalance Adds to the Mix as Market Themes Are Shifting Fast
Semiconductor pricing power that drove Thursday’s rally is already being challenged.
My View on Apple
Given the state of the average Joe (weakening), I disagree with Gene.
I am of the belief that demand elasticity will take hold after the large price increases in the Apple ($AAPL) products:
Position: None
Stock Picking Is Working as Mag 7 and Chips Battle. Here’s What I’m Trading.
I’m heavily weighted in this one sector, while adding to one name on news.
Key Observation (Part Deux)
Breadth mixed (but sector divergences are wild), trading inconsistent and swinging wildly intraday:
* Despite the evisceration of tech yesterday, there are few tech stocks higher on the day — Google ($GOOGL) (DJIA inclusion), Amazon ($AMZN), Apple ($AAPL)
League leading hitter, Nvidia ($NVDA), has cracked to the downside some fractal support
* Hard reversal lower in financial stocks
* Carnage in the oil patch ($OIH -$13) with oil -$2.65
* Consumer staples are the world’s fair ($KO, $PEP, $PG and $KMB)
* Private equity shares are breaking down (after more redemptions and gates)
* Bitcoin breaks $60k to the downside (remember this was one of the possible catalysts I mentioned to a disrupted market filled with leveraged players)
* Speculative faves $PLTR (don’t investors ever learn?) and $HOOD are breaking down
Position: Long KO (S), PEP (S), PG (S), KMB (S)
Here’s Why the U.S. Dollar Index Just Reached a One-Year High
Warsh’s battle for price stability and against the Fed’s balance sheet are creating a reaction in currency markets.
Meta Makes a Prediction: 8 Key Items Shaping the Stock Market Wednesday
FedEx and Cerebras underscore margin concerns, oil falls further, Google to join the Dow, and other headlines are moving stocks this morning.