Make or break in NASDAQ
NASDAQ futures are now pressing the lower end of the range. We’re well below the 100-day, with the 200-day sitting just beneath, making ~24,500 in futures the clear make-or-break level. Source: LSEG Workspace TME
Fascinating chart from Goldman Sachs showing how stocks of newspaper companies started to move downward before their earnings took a hit.
Make or break in NASDAQ
Equity Put/Call Ratio jumps to highest level this year and one of the highest levels since June
Source: Barchart
The hyperscaler debt explosion:
Source: Brian Sozzi @BrianSozzi
Wow Hedgefunds are smashing the buy button on Asian stocks.
These are the biggest inflows in years. 🤑 International markets continue to see a lot of interest. Markets & Mayhem @Mayhem4Markets Via @GoldmanSachs
AI FEARS OVERDONE IN SOFTWARE
JPMORGAN: AI FEARS OVERDONE IN SOFTWARE JPMorgan says the selloff in software stocks is overblown, driven by unrealistic fears of near-term AI disruption. Strategists recommend rotating back into high-quality, AI-resilient names. They cite strong fundamentals, high switching costs, and positive earnings trends, naming Microsoft and CrowdStrike as beneficiaries. With 2026 earnings growth forecast near 17%, the team sees a rebound opportunity. Source: *Walter Bloomberg @DeItaone
Another day, another fresh high in skew.
The year-to-date rise is becoming meaningful, with the crowd long and paying up for downside protection. Rising markets alongside rising skew are a combo worth watching closely, and looks pretty similar to last year’s setup... Source; TME
What if?
Source: Jeff Weniger @JeffWeniger
