Late November gonna late November?
Stocks bottomed on November 20 and have staged a pretty impressive three day rally. Exactly in line with normal seasonality... Source: Ryan Detrick, Carson
It may be a short week, but Thanksgiving week has traditionally been good for equities.
source : bespoke
Google $GOOGL is now up 15% since Buffett's Berkshire disclosed a $4B stake
Source: Michael Burry Stock Tracker ♟ @burrytracker
The correction of the US equity market turned 10 weeks old on Thursday.
Here's what the sector rotation we've seen looks like underneath the surface. Source: J-C Parets
Nvidia: What’s the Bull Case? What’s the Bear Case?
🐂 Bull Case: The AI infrastructure boom is still in its early innings. Demand has no visible ceiling, and Nvidia continues to command extraordinary pricing power despite new entrants. Every major hyperscaler, enterprise, and startup is still rushing to deploy more compute. 🐻 Bear Case: Gross margins have slipped from 78% → 73%. The product transition introduces execution risk. And if hyperscalers don’t see the ROI they expect, they could slow down spending — even temporarily. What does Nvidia say? On the earnings call, the CFO addressed it directly: ➡️ AI demand remains extremely strong — strong enough that Nvidia is raising Q4 guidance again. Source: Bloomberg Activate to view larger image,
🔴The 3x leveraged short Nasdaq 100 ETF, $SQQQ, saw +$12 BILLION in net inflows on Thursday, the largest daily inflow on record in data going back to 2010.
This means some investors bet hugely that the tech stocks will decline. Many retail investors are piling into investment products they do not understand.. This will not end well. Source: Global Markets Investor
We are seeing a lot of threads on X talking about Nvidia using financial engineering to boost results.
See one example below from The Coastal Journal.
Yesterday, what was notable was the plunge in crypto (more specifically bitcoin breaking $90k and Ether $3k) that preceded the move in stocks...
Source: www.zerohedge.com
