Financial News vs. Noise
The market managed to eke out a gain yesterday with NVDA down and overall weakness in semi’s. Futures look up nicely this morning, however we do have PCE later. Commentary I’m seeing about how the green is due to the debate last night. I didn’t see futures prior so not sure, also not sure that the debate makes it more likely Trump wins as I do think it makes it more likely that Biden gets replaced. We will see, a lot of time and a lot left to happen.
Democrats Privately Discuss Replacing Biden on Presidential Ticket-WSJ
Meanwhile, this is the real story…..
AI Frenzy Propels Stocks to Monster First Half-WSJ
“It’s early innings, we think, of a multiyear secular bull phase in AI,” said Mona Mahajan, senior investment strategist at Edward Jones.
This is also important…
The equal-weighted index is up just 4% so far this year, underperforming the S&P 500 by 11 percentage points—on pace for the biggest gap in the first half of a year in data going back to 1990, according to Dow Jones Market Data.
The main name on my watchlist this morning is CEG, which is a play on AI power demand.
I’m also looking to buy the dips in industrial metals.
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