Palantir’s New Partner: 8 Key Items Shaping the Stock Market Thursday
Broadcom’s earnings, TSM’s multiyear view on AI chips, the Quantinuum IPO, and other headlines are moving stocks this morning.
Broadcom’s earnings, TSM’s multiyear view on AI chips, the Quantinuum IPO, and other headlines are moving stocks this morning.
Chips rolling over on Broadcom and IBIT testing structural support are testing the market.
Between new lows and an increase in downside volume it’s safe to say selling picked up quite a bit Wednesday.
With S&P futures -73 handles (following large declines in reporting companies CrowdStrike ($CRWD) and Broadcom ($AVGO) I am covering some of my shorts from yesterday and this morning:
* $SPY $752.18
* $QQQ $741.69
From last night and during Tuesday’s regular trading session:
At 4:55 PM Tuesday I added to index shorts:
Position: Short SPY (L), QQQ (L)
BY Doug Kass · Jun 3, 2026, 5:45 AM EDT
I moved from large-sized to medium-sized.
Position: Short SPY (M), QQQ (M)
CIBR continues to hit new all-time highs, but when will there be a chance to hop aboard?
Renewed Gulf hostilities, new Trump tariffs, Bessent testifies and other headlines are moving stocks this morning.
Is our team bullish, bearish, neutralish? Well, it’s complex. So, let’s dig in and see.
We’re being opportunistic today, but we still like the company’s long-term prospects.
Lebanon’s ceasefire, HPE earnings, Google’s capital raise, and other headlines are moving stocks this morning.
Set to report earnings this week, the big chip manufacturer tags an all-time high prior.