Super Intelligence Is Entering Its Third S-Curve. Here’s How to Profit.
SI will destroy and create major economic shifts. Let’s discuss the emerging investment opportunities.
Taiwan Semi’s August Revenue Surges: 8 Key Items Shaping the Pro Portfolio Today
Bullish AI chip comments, Palantir’s AIPCon event, Costco warehouse openings, and other headlines are moving the Pro Portfolio’s holdings.
Chart of the Day: A Close Look at the Cybersecurity ETF
CIBR has been strong throughout selling in the software sector and is poised to continue a breakout.
Retail Loses Interest in Overbought Market, and the Question Is Why
The investors who have been correct lately are not enthusiastic as the market is overbought and complacent.
OpenAI’s $40 Billion Revenue Run Rate: 8 Key Items Shaping the Stock Market Friday
Trump ups Iran economic measures, Applied Materials slips and other headlines moving the stock market this morning.
I’m a Little ‘Fed’ Up …
I’d like to respectfully disagree with the Cleveland Fed president, make a few points about inflation, and take a look at Iran.
That’s a Wrap
Another day, another record? Sort of.
The S&P 500 managed to set a new all-time intraday record high as well as an all-time record closing high. Why? Inflation, or the lack thereof.
For the month of July, headline PPI printed at +0.0% month over month versus the +0.2% consensus and at +4.7% year over year versus expectations for a +4.9% print. At the core (ex. food and energy), PPI hit the tape at +0.2% month over month versus +0.3% consensus and at +4.2% year over year, even with consensus about down from +4.7% in June.
As it now becomes all but impossible for the Fed to raise short-term rates any time soon, at least not backed by logic, the yield paid by the U.S. two-year Treasury note contracted by 5 BPS to 4.15%, and the yield on the U.S. 10-year note dropped 4 BPS to 4.65%. This pushed equities higher.
The benchmark S&P 500 closed +0.6%, as the Nasdaq Composite gained +0.8%. Eight of the 11 S&P sector SPDR ETFs closed in the green, led by Communication Services ($XLC). Materials ($XLB) led the losers.
Workday ($WDAY) led the S&P 500 higher on takeover rumors. It was the memory trade that ruled the day, though, as SanDisk ($SNDK), Micron ($MU) and Western Digital ($WDC) all had nice days. Cisco Systems ($CSCO) took a beating after posting disappointing guidance along with what looked, otherwise, to be a pretty decent earnings report.
Have a great evening, gang. Dougie will be out again tomorrow and, God willing, I will be back to work through the day with you all. Now, go get some grub and maybe work out a little. Sarge out.
Positions: Long SNDK, MU equity.
Anthropic Targets $2 Trillion Record IPO: 8 Key Items Shaping the Stock Market Thursday
Cisco and Cerebras shares fall, Lenovo’s server demand soars and other headlines moving the market today.
A Trifecta of Rising AI Demand: 8 Key Items Shaping the Stock Market Wednesday
Plus, we’re looking through the July CPI report and other headlines moving stocks this morning.
Sometimes Bad Is Good, and Sometimes Bad Is Bad
Let’s sort through what those Friday jobs numbers mean for rate-hike chatter, what’s happening (or not happening) on the Strait, and why Trump is in a tough spot.