To The Moon

Key developments 1. Federal Reserve and bonds — largest immediate market risk The Fed maintained its policy rate at 3.50%–3.75%, but three policymakers favoured a 25-basis-point hike. The US 10-year yield subsequently reached about 4.75%, while the 30-year yield moved above 5.2%. These levels raise discount rates across global assets and increase refinancing pressure. Likely winners: banks with strong deposit franchises, exchanges, cash-rich companies. Likely losers: REITs, long-duration growth stocks, highly leveraged utilities and speculative technology. 2. Earnings — AI spending is being accepted when revenue follows Amazon reported AWS growth of 37%, raised planned 2026 capital expenditure to US$220 billion and said demand continues to exceed available capacity. Microsoft reported 43%

My interpretation of the latest market movement is that the market has shifted from rewarding “good” results to demanding “exceptional” results with a convincing forward outlook. Tesla’s latest Q2 earnings are a good example of this change. Here’s how I see the current environment: 1. The market is now forward-looking, not backward-looking The Q2 numbers describe what happened over the last three months. However, institutional investors are pricing what earnings will look like over the next 12–24 months. Tesla delivered strong revenue growth, but investors focused on: * Earnings per share missing expectations. * Gross margin compression. * Negative free cash flow due to massive capital expenditure. * Management reaffirming even higher spending on AI, Robotaxi, Optimus and semiconductor man

$Micron Technology(MU)$  $MU 20260731 855.0 PUT$  

$SOXL 20260731 117.0 PUT$  

$SKHY 20260807 140.0 PUT$  

Still loads to go and increasing need to invest in further AI to safeguard and improve cyber safety and protection. 

But stock prices dropped very quickly too, losing all the gains..

What's driving the increase

Another round of profit taking today as investors look to offload memory stocks..

Semi conductor and Memory chips defensive play to Iran War?