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The very poor breadth with the indices at highs tells us a few things;
1. The indices are misleading, which is nothing new
2. There are a lot of stocks that are not technically extended and have very good charts.
3. This market favors stock picking over macro themes. Don't be a bear based solely on the indices.
@TheStreetPro@TSProPortfolio
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Google Takes the AI Lead, But This 'Shocking' Divergence Is a Big Concern
Three of four hyperscalers raised capex, while oil and inflation are triggering broad selling. pro.thestreet.com/market-comment…
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Digging into $SOFI which has a lot of retail fans---Technology Platform Weakness
One of the most jarring numbers in the report was the performance of the Technology Platform (Galileo and Technisys). Revenue in this segment fell 27% YoY to roughly $75.1 million.
,
Because this segment is viewed as the "AWS of FinTech" and commands a higher valuation multiple than the lending business, a decline here hurts the growth narrative more than a lending beat helps it.
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Hard to believe that Trump will be that patient--
White House officials say President Trump has discussed with US oil companies a plan to potentially continue the US “blockade” of the Strait of Hormuz for months.