Pre-market U.S. stocks Storage and semiconductors have rebounded strongly. Let’s see if they continue to surge with higher volume at open or not. This feels similar to July— both times, funds got wiped out, and everyone rushed in to pick up the scraps. Currently, the market is pricing in an 89% chance the Fed will hold steady in October. The wildcards are Meta and Google’s earnings reports: 1. Has their AI investment translated into increased revenue? 2. Will they continue to ramp up spending? The first is uncertain. The second doesn’t really matter anymore… they’ll definitely keep investing. Otherwise, who knows if they’ll be completely phased out in the future? It’s a prisoner’s dilemma. Good night, Makabaka.
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