Tech Trade Gets Thorny; Hynix Hit; U.S. to Ramp Up Fight With Iran?
Here’s how I’m handle the tech trade as it gets tough; also, let’s check the latest with Iran, the semis and … some good news on inflationary data.
Chips Under Pressure as Rotation Remains the Key Market Theme
This is not unhealthy action. Here’s how I’m playing it.
Inflation Cools, but the Market Still Lacks Leadership
The focus turns to earnings as AI and chip leaders struggle.
What Can We Expect as Asia’s Largest Company Readies Earnings?
Chip-foundry market leader TSMC already gave impressive June sales numbers, but there’s plenty riding on guidance for the rest of the year.
3 Inflation Drivers Are Making the Market Weaker Than it Looks
Inflation and interest rates drove poor action but things are even worse than they appear.
Abie From Brooklyn Chimes in On Market Structure
Dougie, Not often I feel I can point out something to you about markets’ structure that I did NOT see in your email re SKHynix posted on X last week:
At this moment, SKHYNIX ADRs are trading at $168 or $1680 per full SKHynix share. On http://trade.xyz, that same share is trading at $1281, a $400/share discount – the most likely reason being heavy selling by Wall St pros and their best clients who bought before IPO hype. Don’t be a sap $SKHY.
The amount of the “gap” between insiders and the public could not have been more clearly visible with the “real” SKHynix market nearly 25% below the ADR hyped AND manipulated (legally as IPO market stabilization to facilitate exit of the guys who make a living off FIFO in domestic IPO markets…they trade at the sucker IPO price but sell to the “stabilized price” profitably.) one. NOT to mention the underwriters shorting in the immediate aftermarket to more suckers…. there ought to be a Netflix series on this …
Position: None
7 Inflection Points Investors Shouldn’t Ignore Right Now
The market’s next big move may hinge on these seven issues — but one one matters more than the rest.
Strait Traffic Falls to Multi-Week Low: 8 Key Items Shaping the Stock Market Monday
Plus, TSM’s big June revenue, SK Hynix falls, Apple fights OpenAI and other headlines moving stocks this morning.
The Meta Effect, Semis Surge, Wall Street Says, ‘What War?’
Markets brush off fighting with Iran as Meta talks about making its own AI chips; South Korea’s SK Hynix lists on Nasdaq; I give a chart checkup on the market.
Meta’s AI Chip Plans Revealed: 8 Key Items Shaping the Stock Market Friday
SK Hynix’s IPO pricing, Micron’s spending, Delta’s earnings, and other headlines are moving stocks this morning.