Your Delusion Doesn't Make Me A "Doomer"

Apple Tests Chinese Memory Chips As Supply Crunch Pushes PC Giants Toward CXMT After months of lobbying the Trump administration for clearance to purchase Chinese memory chips, Apple appears to be nearing the point where it can tap China's domestic chip market. The push follows what the iPhone maker has described as "unsustainable" pricing from the memory "cartel," namely SK Hynix, Samsung, Micron, and SanDisk, whose production has been soaked up by unprecedented demand from hyperscalers.  The Wall Street Journal reported Sunday morning that Apple is closer than ever to using memory chips...

Hindenburg Alarm: Another Rotation Or Worse? Via RealInvestmentAdvice.com, In early November, we sounded the alarm about a recent Hindenburg Omen. Per the Commentary’s summary: Bottom line: market breadth is horrendous and will likely lead to a rotation favoring out-of-favor sectors and stocks. Thus, it’s not surprising that the Hindenburg Omen was triggered. If we continue to see more of these Omens, the threat of a drawdown grows. At the time, Mega-Cap stocks were grossly outperforming the market, while many sectors lagged the market. Since that Hindenburg Alarm, our expectations have come to fruition. We have, in fact,...

Futures Rise, Just Under Record High Ahead Of PPI Report Futures are higher again, although trading in a narrow range for the past week just below all time highs, with Tech flat following disappointing earnings from CSCO. As of 8:00am ET, S&P 500 futures add 0.2% while Nasdaq futures are unchanged as Cisco shares dropped 6.4% in premarket trading after earnings failed to impress. Elsewhere, Semis are flat, Memory is lower, with Mag7 / Software trading up. Cyclicals and Defensives are trading higher with weakness in Energy / Materials; AI theme remains...