The host explicitly avoids airline stocks because heavy maintenance Capex keeps consuming cash flow just to sustain the existing business.
In the near term he expects bears to hammer the weak advertising growth number and AI-agent disruption fears until the next quarterly report.
The Russell pulled back on weekly bars, formed a higher low, and continued higher, keeping the uptrend intact.
Silver's bull market is over with continued lower highs and lows; the current pause precedes another leg down toward the 40 level once 50 breaks.
Gold is in a resting, energy-building phase after its third stair step; already about 6 months in, he expects another big move after a total of 6-12 months of consolidation.
The host states we are in a very big bull market and recent declines were normal healthy pullbacks, not reversals; he was long and benefited from the bounce.
The host recalls calling two years of upside for XOM and CVX late last year, calls that have since played out with the energy rally.
Using the Dow's weekly chart, he argues the pullback was a normal healthy pullback and a trend remains in effect until a definite reversal signal.
Long-term, over the next ten years, the host still sees gold reaching 10,000+ once it finishes building energy through the current consolidation.
For anyone wanting to buy SOXX or SMH right now, the host warns that picking up pennies in front of a steamroller is not easy, with the midterm elections next week as a risk event — better to wait.
The host believes the laundering of stolen funds is already hitting the market with uneven selling pressure following the hack.
The host sees upside risk in oil: alternative routes face Houthi threats, Wall Street prices a widening geopolitical premium, and a 5M bbl/day shortfall could send Brent to $140 by 2027; $122 is the key level to break.
The host adds that 12% of global refining capacity is already offline from Iran and Ukraine combined, so diesel and other fuels stay expensive for a while.
The host doubts Binance's ~$1.2B SAFU fund can cover a ~$3B multi-asset hack, notes reserves are unaudited, and expects spooked users to pull funds from Binance.
The host discloses his own positions and plans to add, judging S&P fundamentals still solid and the pullback an opportunity — but only for high-credit-quality stocks trading below his one-year forward valuation cap.
QQQ broke the strong 696 support and closed at a new low; the lower wick is not a bottoming pattern, the technicals are bearish, and any bounce should be treated as just a bounce.
The host argues the stock market is pricing in fear of a return to serious prolonged conflict, compounded by typical pre-election fear, uncertainty, and doubt, making this a painful time for equities.
The host argues roughly $3B in stolen coins will be trickled into the market over the next year or more, creating persistent sell pressure that makes betting on a crypto rally harder.
The semiconductor index broke 486, made new lows, and today broke its 200-day moving average — emphatically a bad chart that needs consolidation, with single stocks set to diverge by credit quality.
With free cash flow deeply negative and debt-funded capex, the host expects another 6-7% drop toward the July lows near 225-226 before a possible intraday bounce.
Marvell's reported bid for Lumentum would require equity issuance and debt against only ~$3.9B cash, so the stock fell on financing expectations, though a deal would expand its optical interconnect footprint.
Caterpillar beat but only modestly and was sold off; down 41% from its June high with valuation still elevated, the de-rating may not be finished.
The host argues Google's cloud doubling cannot save the stock because search and group operating profit missed expectations, free cash flow was negative $9.1B, and the premium valuation must be re-rated.
Google missed on both EPS and revenue, broke the 297 support and fell over 12%; he expects further drift or sideways action near term.
Amazon missed on both EPS and revenue — a failing report — and fell 6% after hours; he expects further drift or sideways consolidation before any recovery.
October sits after the Fed's hike cycle began and just before midterm elections; historically this window is volatile with high correction odds.
The host says Palantir is still elevated and advises against chasing it ahead of Monday's post-market earnings; he will reassess after the report.
Breadth is actually healthy with 406 S&P advancers; as tech pulls back and cyclicals rebound, the S&P should emerge with healthier breadth after the midterms.
In his earnings ranking the host places Google as the worst of the group because its core businesses broadly missed, behind Microsoft and Amazon.
Amazon missed on both revenue and EPS with a second straight quarter of negative free cash flow, sending shares down over 5% after hours.
The host discloses a plan to sell IBM to shrink his positions — an actual portfolio action.
The host argues Gemini alone could be worth $2T, making the rest of Google cheap at the remaining $1.5T, with a trailing P/E under 15, so he stays long-term bullish.