Why AI Stocks Got Hammered Wednesday
Three things went wrong at once.
Tech Trade Turns Ugly
Hot inflation data burns up AI, tech and small-cap stocks as CoreWeave unravels and ‘neocloud’ names in ‘crash mode’; also the chart looks precarious.
Bonds Are the New Safe Haven as Money Rotates Out of Tech
TSMC beat and still fell, a giant AI offering is coming, and the market wants to know what AI growth costs.
A Little More Selling Could Be Just What This Market Needs
Nasdaq is approaching an oversold condition, selling pressure is finally picking up, and a dose of bearish sentiment could improve the outlook.
Hotter Inflation and AI Weakness End the S&P 500’s Run Without a 1% Drop
A hotter-than-expected September CPI report and a deepening selloff in AI names sent the S&P 500 down more than 1% for the first time in 54 sessions, with the Nasdaq and small caps falling nearly 2%.
Tech Could Bounce Here, but That Doesn’t Mean the Selloff Is Over
The either/or market continued for another day with tech stocks continuing to fall. They’re nearing interesting support levels, but a bounce could be followed by more downside.
Hot CPI Shakes Leaders and That’s What the Market Needed
Stocks were slammed after a hot core CPI report, but bonds rallied and biotech rose.
Fed’s Beige Book Sees Inflation Pressures Rise But Growth Moderates
The October edition provides hawks a lot more to work with than August did.
Big Netflix Cut Reaffirms Our Growing Concerns
Layoff news is overshadowing more worrisome churn data from Apptopia.
Our Plan for Big Bank Shares Hinges on 2 Things
Morgan Stanley delivers on wealth and equities, while Bank of America absorbs a $1.2 billion penalty.