Well, wow. Overnight, the US stock indexes looked solid on the surface: the Dow only fell 0.02%, the Nasdaq also slipped by just half a point—but chip stocks were basically a bloodbath. Nvidia’s earnings report has barely finished exploding in the market, with the stock soaring for a day, and then—right after—Powell? No, Fed Chair Waller’s hawkish remarks slapped it back down. It fell 4.57%. The SOX index dropped over 3%, ARM slid more than 6%, and optical communications were hit even worse.
The most ridiculous one is MKS Instruments (MAWELL): revenue beat expectations, and it even has a Google $100 billion procurement deal in hand—yet the stock still fell more than 10%. Wall Street didn’t even give it face. Gold plunged too. COMEX gold prices lost the 4,500 mark, Bitcoin dropped more than 3%, and in the last 24 hours, 96,000 people worldwide were liquidated—just unbelievable.
In plain terms, with Waller一句 “inflation hasn’t cooled,” money all collectively shifted its bets toward more rate hikes. Even if earnings reports keep detonating, you can’t withstand this knife of interest rates.
The most ridiculous one is MKS Instruments (MAWELL): revenue beat expectations, and it even has a Google $100 billion procurement deal in hand—yet the stock still fell more than 10%. Wall Street didn’t even give it face. Gold plunged too. COMEX gold prices lost the 4,500 mark, Bitcoin dropped more than 3%, and in the last 24 hours, 96,000 people worldwide were liquidated—just unbelievable.
In plain terms, with Waller一句 “inflation hasn’t cooled,” money all collectively shifted its bets toward more rate hikes. Even if earnings reports keep detonating, you can’t withstand this knife of interest rates.