Chip Stocks Bear Market Just Became Official. This Week Made Sure of It. Chip stocks bear market territory arrived Friday, and it arrived ugly. An industry-wide gauge of semiconductor names has now sunk 20% from its record high. Twenty percent. That’s the textbook line for a bear market, and this week crossed it. The worst […] More
TSMC Earnings Jumped 77%. Chip Stocks Sold Off Anyway. Sound Familiar? TSMC earnings came in Thursday with a number that would make most CEOs celebrate. Profit up 77% year over year. Guidance raised. Shares fell more than 4%. If this feels like déjà vu, that’s because it is. Samsung did this exact thing two weeks […] More
ASML Earnings Crushed It. Memory Chips Got Crushed Instead. ASML earnings landed Wednesday morning, and the numbers were clean. A raised annual sales forecast. AI demand cited as the driver. A plan to boost chipmaking equipment production by 30%. Micron fell nearly 9%. SK Hynix dropped 13%. Read that again. The company that makes the […] More
The June CPI Report Just Handed the Fed a Gift. Oil Might Take It Back. The June CPI report landed Tuesday morning with a number nobody quite expected. Inflation cooled to 3.5%. Consumer prices actually fell 0.4% from May, the first monthly decline in six years. Good news. Genuinely good news. For about ninety minutes. […] More
SK Hynix Stock Pops 21% Out of the Gate. Now Comes the Hard Part. SK Hynix stock opened Friday indicated 21% above its offering price. Twenty-six and a half billion dollars raised. The largest U.S. listing by a foreign company. Ever. Big number. Bigger question underneath it: does this hold? The debut capped a week […] More
The SK Hynix IPO Just Proved Wall Street Doesn’t Scare Easy The SK Hynix IPO landed Thursday with a number that stopped traders mid-scroll. Twenty-eight billion dollars raised. Oversubscribed more than sevenfold. Sevenfold. On the same morning the U.S. hit ninety targets inside Iran, and Tehran fired back at Gulf allies. War escalating. Oil still […] More
Oil Prices Surge, Ceasefire Collapses, and the Market Gets a Gut Punch Oil prices surge past $74 a barrel Wednesday. The reason isn’t complicated. President Trump just declared the Iran ceasefire over. “We’ll probably hit them hard again tonight.” That’s the president, speaking from Ankara, ahead of a NATO summit. Blunt. No diplomatic softening. Markets […] More
Samsung Earnings Were Great. Wall Street Sold Them Anyway. Samsung earnings landed Tuesday, and the numbers were almost absurd. Operating profit up roughly 1,800% year-over-year. A nearly 19-fold jump in quarterly income. The kind of print that should send a stock soaring. Instead, Samsung shares fell nearly 7% in Seoul. The Kospi got dragged down […] More
AI Stocks Rebound Fast. Maybe Too Fast. AI stocks rebound sharply Monday, and the whiplash was almost comedic. Two days of brutal selling. Then, snap back. Nasdaq up 1.3%. Chip ETFs up over 5%. Nvidia essentially told the market to relax. “Our road map is intact.” That’s what Nvidia said, after a report about a […] More
Behind the Dow Jones Record High, a Market Coming Apart at the Seams The Dow Jones hit a record high Thursday. Again. Up nearly 600 points, closing above 52,800 for the first time ever. Confetti-worthy, on paper. Except nobody in the AI trade was celebrating. Micron sank 7%. Applied Materials dropped over 7%. AMD fell […] More
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The June Jobs Report Just Broke the Market in Two The June jobs report landed with a thud Thursday. Way below forecast. And Wall Street didn’t know whether to celebrate or panic. The U.S. economy added just 57,000 jobs last month. Economists wanted 115,000. Half the number, basically. Yet the unemployment rate actually dipped, to […] More
Treasury Yields Just Punched a Hole in the AI Trade Treasury yields are climbing again. And Wall Street doesn’t like it. The 10-year note pushed toward 4.48% on Wednesday, its highest mark in weeks, as traders braced for new Fed Chair Kevin Warsh to speak from Sintra, Portugal. He offered nothing. No hints. No forward […] More