Wednesday is a big day, Fed is priced around 93% to hold at 3.75 to 4%, so I don’t think the rate call moves much at all. What matters is $MSFT and $GOOG reporting the same afternoon, with $AMZN on Thursday, because their capex guides are basically next year’s revenue line for the chip sector.
$MSFT told us last quarter Q1 capex lands above $50B and that demand still exceeds supply. If two of the three raise spend this week, I think chips outperform the Nasdaq 100 into 6 Nov, even if the hyperscalers themselves get the Meta treatment for spending it.
SOX has shed around $2T since this selloff started on rate fears and AI cost worries. Is that a capex top being priced in, or the best setup in chips all year?
Also, Trump seems to be dropping bombs on Iran Monday so brace yourself.
Good luck.
24 Followers 663 FollowingHungary, without the noise. Daily macro briefing on Hungary and CEE. Independent, public sources only. Not investment advice.
6 Followers 193 FollowingFounder and CEO of OptionsHawk. Creator & Moderator of the Trading Hub, the Best Live Market Coverage
**Not Investment Advice***
https://t.co/hp6IFK84tN
124 Followers 642 Followingonly private elite here!! I will mainly talk abou crypt market $ICP, price action analysis etc.
ONLY FOR A FEW PEOPLE MAIN ACCOUNT @InTheMoneyAdam
2.7M Followers 603 FollowingOfficial X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: [email protected]
2.6M Followers 93 FollowingOfficial account of Ray Dalio, founder of Bridgewater Associates, author of #1 New York Times bestseller 'Principles,' professional mistake maker
119K Followers 966 FollowingFounder and CEO of OptionsHawk. Creator & Moderator of the Trading Hub, the Best Live Market Coverage
**Not Investment Advice***
https://t.co/Qat4Ms2tCc
2.7M Followers 47 FollowingThe official handle for NVIDIA. Blog: https://t.co/JAn5eKOTBT Support: https://t.co/6ln5FVnA2o All our social media: https://t.co/Uc56dL57Dh