Kind of assumed a nothing day ahead of all this weeks events. Pretty much got that except for a last minute run that looks like it was fueled by options. Today we have LLY earnings leading things off with AI related names after hours-AMZN, SMCI, and AMD to name a few. SMCI is a key customer of NVDA so the market will be expecting it to reflect NVDAs strength. Remember it was the absence of a pre announcement by SMCI that led to the 10% decline in NVDA the other day. Along with AI, weight loss drugs is one of the major themes we have been trading all year. I believe that most people given the choice of taking a drug vs. changing their diet and working out will choose the drug. I do think there could be side effects that are not being talked about, but that’s tinfoil hat stuff and also reflects my overall distrust of big pharma.
Financial News vs. Noise
Financial News vs. Noise
Financial News vs. Noise
Kind of assumed a nothing day ahead of all this weeks events. Pretty much got that except for a last minute run that looks like it was fueled by options. Today we have LLY earnings leading things off with AI related names after hours-AMZN, SMCI, and AMD to name a few. SMCI is a key customer of NVDA so the market will be expecting it to reflect NVDAs strength. Remember it was the absence of a pre announcement by SMCI that led to the 10% decline in NVDA the other day. Along with AI, weight loss drugs is one of the major themes we have been trading all year. I believe that most people given the choice of taking a drug vs. changing their diet and working out will choose the drug. I do think there could be side effects that are not being talked about, but that’s tinfoil hat stuff and also reflects my overall distrust of big pharma.