Yesterday's Russell 2000 heatmap by Finviz
That's a lot of green...
Intel $INTC stock just had its best day since OCTOBER 1987
Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC chips with the troubled chipmaker. The Trump administration brokered a 10% stake in the chipmaker in August. The investment, which is subject to regulatory approvals, does not appear to include the manufacturing of Nvidia chips with Intel's foundry. Source. CNBC
Here's how the S&P 500 has performed in the past after the Fed starts cutting rates
Source: Evan @StockMKTNewz
"THE MOST IMPORTANT FOMC OF OUR LIFETIME"
$SPY S&P500 is completely flat
Institutional investors are the most bullish since the February peak in stocks and no longer see a trade war as the biggest risk.
According to Bank of America’s September fund manager survey (covering $426bn AUM), risk appetite is back at its highest since Feb 2025, when the S&P 500 last hit an intermediate peak : The trade war narrative is fading. Optimism is rising. Risk is back on. source : BofA
AI is eating the world
The 109 AI stocks in the Goldman Sachs TMT AI Basket are now worth $29.2tn, almost as much as the annual economic output of the US. Source: HolgerZ, Bloomberg
BREAKING: Robinhood announces that they have filed with the SEC to launch Robinhood Ventures Fund I (RVI), a concentrated portfolio of innovative private companies leading their industries.
It looks like Robinhood is going to IPO a fund that allows retail to invest in the best private companies... “For decades, wealthy people and institutions have invested in private companies while retail investors have been unfairly locked out. With Robinhood Ventures, everyday people will be able to invest in opportunities once reserved for the elite,” said Robinhood Chairman and CEO Vlad Tenev. Source: amit @amitisinvesting
Is AI seriously overbought?
$AIQ is the Global X Artificial Intelligence & Technology ETF. It is at the most overbought levels since July 2024...just before markets crashed. Source: TME, LSEG
