☀️ Uncle’s Morning Brief｜10.22
Meta rises over 3%, Tesla falls over 3%, BTC breaks above 84K—is tech staging a reversal?
🇺🇸 U.S. market recap: Dow +0.69%, S&P 500 +0.58%, Nasdaq +1.05%. Tech and semiconductor stocks led the gains.
📊 Mixed after-hours earnings:
Meta: Q3 revenue of $64.6 billion, up 26% year over year; EPS of $3.83. Its Q4 revenue outlook was upbeat, and shares rose over 3% after hours.
Tesla: Revenue of about $28.05 billion, net income down about 44% year over year, adjusted EPS of $0.48. Shares fell about 3.2% after hours.
Meta’s ad growth is helping fund its AI investments; Tesla still needs to address questions about growth and returns on investment.
🪙 Crypto: BTC broke above 84K, briefly nearing $84,700. About $243 million in positions were liquidated across the market over 24 hours, including about $188 million in short positions. Watch to see whether BTC can hold above 84K.
🇨🇳 Before the A-share open: The ChiNext Index fell 1.62% yesterday, slipping below 2,700. Today, watch how AI, computing power, and semiconductor stocks fare after a higher open. Around 3,750, look for signs of a volume-backed recovery—don’t chase gains.
🇭🇰 Hong Kong stocks: Watch for a potential improvement in sentiment toward tech stocks. The key level to watch for the Hang Seng Tech Index is 4,000.
🛢️ Oil and gold: WTI settled at about $97.15 and Brent at about $108.82. Supply risks remain a factor for the market.
💎 Uncle’s take: Meta is up and Tesla is down. Both face AI investment demands, but the market cares more about who can turn that investment into profits. BTC’s break above 84K has an element of a short squeeze, and for A-shares, watch whether buying interest can follow through.
This is a structural recovery, not a broad reversal. Watch for follow-through before considering chasing gains.
#大叔早报 #特斯拉 #GTC #bitcoin
Meta rises over 3%, Tesla falls over 3%, BTC breaks above 84K—is tech staging a reversal?
🇺🇸 U.S. market recap: Dow +0.69%, S&P 500 +0.58%, Nasdaq +1.05%. Tech and semiconductor stocks led the gains.
📊 Mixed after-hours earnings:
Meta: Q3 revenue of $64.6 billion, up 26% year over year; EPS of $3.83. Its Q4 revenue outlook was upbeat, and shares rose over 3% after hours.
Tesla: Revenue of about $28.05 billion, net income down about 44% year over year, adjusted EPS of $0.48. Shares fell about 3.2% after hours.
Meta’s ad growth is helping fund its AI investments; Tesla still needs to address questions about growth and returns on investment.
🪙 Crypto: BTC broke above 84K, briefly nearing $84,700. About $243 million in positions were liquidated across the market over 24 hours, including about $188 million in short positions. Watch to see whether BTC can hold above 84K.
🇨🇳 Before the A-share open: The ChiNext Index fell 1.62% yesterday, slipping below 2,700. Today, watch how AI, computing power, and semiconductor stocks fare after a higher open. Around 3,750, look for signs of a volume-backed recovery—don’t chase gains.
🇭🇰 Hong Kong stocks: Watch for a potential improvement in sentiment toward tech stocks. The key level to watch for the Hang Seng Tech Index is 4,000.
🛢️ Oil and gold: WTI settled at about $97.15 and Brent at about $108.82. Supply risks remain a factor for the market.
💎 Uncle’s take: Meta is up and Tesla is down. Both face AI investment demands, but the market cares more about who can turn that investment into profits. BTC’s break above 84K has an element of a short squeeze, and for A-shares, watch whether buying interest can follow through.
This is a structural recovery, not a broad reversal. Watch for follow-through before considering chasing gains.
#大叔早报 #特斯拉 #GTC #bitcoin