$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Semiconductor valuations will eventually look attractive again and institutional money will come flooding back. It happens every cycle. For now I'll keep skimming both SOXL and SOXS. It's tedious but gives me some entertainment in the mornings. Just don't wager more than you can afford to lose.
Markets grew wary of WTI oil spiking after Oct 7, and that triggered a gradual slide in Nasdaq futures that inversely mirrored oil's rise. Last week's weak GOOG and INTC earnings added fuel to the fire as oil neared war-level highs amid market uncertainty. A record $6B+ crypto hack and Ukraine's renewed attacks on Russian oil facilities created a perfect storm for heavy selling. Tonight, however, the market rallies as Iran fast-tracks peace talks to open Hormuz, Binance resumes withdrawals, and oil falls sharply from 105 to 101. In summary, soaring oil was the major reason, and two techs (GOOG & INTC) missing earnings was a minor reason why the market crashed late last week. Because there are plenty of AI stocks, especially chip and memory sectors, that continue to report very strong g
Economic reports came in mostly as expected. PCE matched forecasts at 0.3% month over month and 3.1% year over year. GDP printed at 3.4% versus the 3.2% estimate, which points to a growing economy but with some inflation still in the picture. Initial jobless claims were slightly better than expected. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ BTC.X SLV.X $iShares Semiconductor ETF(SOXX)$
$Bloom Energy Corp(BE)$ If anything, GOOGL is going to spend even more on AI infrastructure, which works in our favor. This volatility doesn't seem driven by any major change in Bloom's fundamentals. Honestly, this market is pure sentiment-driven, moving on algos and positioning. One day everything looks terrible, the next day everything looks great. If you're long, forget you own the shares and let the business do its thing. If you like swinging, this is your kind of market.
$Bloom Energy Corp(BE)$ Bloom Energy may get approval to supply independent power to military bases. The administration has announced that every military base should be independently powered for a minimum of 90 days, with a target of 6 months.
$SK hynix(SKHY)$ Seems like this is near a bottom with earnings coming tomorrow night. This used to trade above $190. If it doesn't move up on the earnings report, I honestly don't know what to say.
$TeraWulf Inc.(WULF)$ $SpaceX(SPCX)$ $CoreWeave, Inc.(CRWV)$ $Core Scientific, Inc.(CORZ)$ $IREN Ltd(IREN)$ MSFT just cut 27% of its workforce, around 60,000 workers, to replace them with AI, though they're calling it buyouts. And this is nothing compared to what's coming in 2027 and beyond. The company said it wants to retool its workforce for the artificial intelligence era. I've been saying since Q3 2023 that the time to make as much money as possible is now, because AI and robots are coming for jobs.