The AI money got creative
The chip index jumped 3.6% on Tuesday after Broadcom agreed to lend Anthropic up to $42 billion to lease its chips. Boeing fell 10.7%.
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What The Market Is Pricing In
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"Stocks fall on inflation fears."
You've read that exact sentence a hundred times. It never tells you the actual reason. And it never tells you what comes next.
"Oil is the match, but the bond market is the fire."
Oil pushes inflation up. Hot inflation keeps the Fed from cutting. Higher rates mark down every other investment. The market isn't reacting to today's headline. It's repricing the next six months.
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Written by Tom Hartley
Not the TV guy. The guy the TV guy called.
Forty years writing the internal market note at a major Wall Street firm. The trading floor read it every morning before they did anything else.
He still reads every data release, every Fed transcript, every flow report. Old habits. Now he writes it for you, every weekday.
40years on Wall Street
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AI found new money, and the chip stocks bounced
Anthropic filed for its IPO, Meta lined up a big stock sale, and SpaceX signed a $40 billion financing agreement. The chip index jumped 2.8% on Monday.
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Brent crude jumped 3.1% on Friday and the Dow fell 653 points. A report that SpaceX wants to build a wireless network sank AT&T and T-Mobile.
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