Financial News vs. Noise
The Watchlist will be live today at 11:30 am EST. Here is the link https://youtube.com/live/bpODVg5pO2g. We will be going over our favorite stocks and what markets are doing.
@GarciaCap
Anyone betting on a top in AI got their ass kicked yesterday. Maybe massive AI spending with an unknown future hurts companies like Microsoft, but it’s not a bad thing for the chip makers. The question now is whether yesterday was an oversold bounce, or whether the market made a durable low after hours on Tuesday.
META is up big on earnings from last night, tonight we have AAPL and AMZN. Jobs number on Friday. So still a lot of data to come. META also announced massive AI spending (good news for the chips) but avoided Microsoft’s fate. Meta’s Ad Strength Gives Its AI Spending Some Cover-WSJ
FOMC was supposed to be the main event yesterday, but Powell did the expected, no change this meeting and set the stage for a cut in September.
Who cares? We run two models that are essentially value strategies but AI and all the related areas are the play. Since 1995, value stocks have always outperformed when they’re this cheap — and by a big margin-MarketWatch
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