Amazon closed with a bullish engulfing candle and looks like one of the strongest of the bunch; above 275.34 there is nothing until the all-time high at 287.20, though an overbought gap-up could top out.
AMZN closed with a bullish engulfing candle and looks like one of the stronger mega caps; a break above yesterday's high at 275.34 leaves little resistance until all-time highs, with 287.20 as the next stop. He warns that weekly gap-ups when extended often top out and that it will follow the Nasdaq, which could send it back to 255.
Long-term the host is very bullish on gold and expects a strong upside move after this correction, with new highs only in six to twelve months.
Long-term very bullish on gold with a strong move up after this correction, but new highs are six to twelve months away.
Long-term he is very bullish on gold: after the 50% retracement completes, he expects a strong move to new highs within six to twelve months.
The host credits neo-cloud earnings and ongoing capex plans with lifting the market, framing the AI build-out as unstoppable.
OpenAI's revenue jumped nearly 50% to $10B in Q3, re-accelerating, and its 1.2B active users form a real moat — evidence AI demand is still accelerating.
Tech got ridiculously oversold and is now in a broad recovery; he expects it to continue even without an Iran deal and even with hikes, since hikes are priced in.
He believes the true AI euphoria is still ahead, the market is cheap, and he keeps buying; Anthropic's oversubscribed IPO and OpenAI's surging revenue show a floor under AI.
The 10-year yield hit exactly 5% and capped out; the host sees 5% as a clear psychological buy signal where bond buyers step in.
The host agrees with Bowman that the AI investment boom may still be in its early days, with investment rising rapidly while best uses are determined.
QQQ opened up 1.9%, back above 675, and the host expects it to head back to 700 after yesterday's failed breakout.
Rate-sensitive sectors like residential investment have declined on higher mortgage rates, which makes the host bullish real estate — he likes buying what everyone else hates.
The host repeatedly calls NVIDIA dirt cheap at $168-170, says anything below $152 is a no-brainer, and argues the business thrives even without Jensen Huang.
The host expects Anthropic's IPO to price above its $70-78 range, closer to $80-85 depending on market appetite and underwriting strength.
SoftBank's first loss in two years on a data-center writedown, with CDS spreads spiking, raises fears it is the next weak link in the AI chain.
SoftBank posted its first quarterly loss in nearly two years and its CDS spreads spiked; the market worries its finances could become the next risk point in the AI chain.
The host relays SoftBank's first quarterly net loss in nearly two years, a 3.7 billion dollar writedown on a US data-center project and five-year CDS spreads at their widest since October 2022, noting markets worry its finances could become the next risk point in the AI chain, a negative read on AI financing.
The host says aggressive rate-hike expectations, combined with political pressure around AI regulation and heavy bond issuance by the giants, have worsened sector sentiment again, a negative read on the AI capex and financing backdrop.
Anthropic's discounted IPO, far below its prior $2T valuation, dents AI sentiment and will test the market's appetite for AI assets.
With several cloud giants' free cash flow turning negative, he infers AI capex growth may slow over the next year or two even if it doesn't peak immediately.