Crypto Daily | Bitcoin Falls Below $82,000; Trump, Crypto Firm Sued for Profiting Off Foreign Government; Bitcoin Spot ETF Sees a Total Net Outflow of $635M
Pre-Bell | U.S. Stock Index Futures Rise Across the Board; SMCI Surges Over 12% Post-Earnings, SpaceX Up Over 8%, Chip and Storage Stocks Rally Broadly
AI Software Shares Jump. Figma up 7%; Trade Desk, AppLovin up over 6%; ServiceNow, Workday, Braze up over 5%; Salesforce, BigBear.Ai, Duolingo up over 4%
Post-Bell|Hot Inflation Pressures Wall Street; AI Stocks Sink, CoreWeave Plunges Over 15%, AMD Falls Nearly 6%, Intel Drops More Than 4%, Nvidia Slides Over 3%
Can’t wait for November 3 to see American political tribalism reach its glorious peak—where critical thinking is treason, hypocrisy is a team sport, and democracy is just two rival cults fighting over who gets to call the other brainwashed. 🍿😂
Nasdaq Extends Declines to 1% as Tech Wobble Persists. Palantir Down 5%; Micron, AMD, Intel, Oracle Down Around 4%; Meta Down 2%
Meta up as Trump invests $25m. Investors, before you follow Trump's investment strategies, think about what proportion of his wealth that $25m is. Also, his strategy seems to be to buy a stock, announce his investment and wait for it to climb. Then he sells. It's a zero sum game. He wins because you lose. It's a glorified Pump & Dump scheme and I'm baffled that investors are falling for this...repeatedly.
Meta Stock Is Up 3.6% as Trump Bought up to $25 Million in Meta in August
With a strong performance and healthy demand continuing, hopefully SK Hynix reaches the current 12 months target within next 1-2 quarters. 📊 Analyst Price Target Breakdown • 📌 Average Target: ~$254.70 • 📈 High Forecast: $320.00 • 📉 Low Forecast: $200.00 • 💡 Consensus Rating: Buy / Outperform
SK hynix lock-up period expires October 8 following record $56B Q2 revenue
This is exactly what many already knew. The funny part is knowing something and admitting what it means are two different things on Wall Street. Inflation too high? Everybody knows. Oil and war making it worse? Everybody knows. Labour market resilient? Everybody knows. So the Fed has room to fight inflation instead of rushing to rescue asset prices. And yet: “Yeah, but when cuts?” 😂 My friend, the Fed just HIKE. Not cut. HIKE. The assumption of cheaper money has met an inconvenient reality: inflation remains a problem, the economy can tolerate tighter policy, and the Fed is showing inflation comes first. This doesn't mean “Fed hikes, stocks crash tomorrow.” The point is simpler: the price of money matters. Yields matter. Valuation matters. When safer assets offer meaningful returns, paying
Fed Raises Rates for First Time in Three Years, Signals One More to Come This Year