Tonight, before the market opens, I’m looking at South Korea first—not the Fed.
SK Hynix’s profits surged, and U.S. stock futures were up about 4% before the market opened $MU (Reuters). The memory sector is telling you that big tech companies are still spending money on chips, and demand for AI hasn’t let up.
I see MU perpetuals around 965 now. They touched 973 yesterday; 906 is the previous day’s close. If that level doesn’t hold, I’d look again around 880. After such a big run-up, anyone chasing the rally should weigh the risks for themselves.
There’s more coming: the Fed’s decision is due at 2 a.m. Beijing time tomorrow, and the market is largely betting on no change. Then MSFT and GOOGL report after the close, with everyone watching cloud business growth.
Which one are you most worried might go wrong tonight: the Fed, Microsoft, or Google?
#美股 #AI #StocksEarningsSeason
Personal opinion, not a recommendation
SK Hynix’s profits surged, and U.S. stock futures were up about 4% before the market opened $MU (Reuters). The memory sector is telling you that big tech companies are still spending money on chips, and demand for AI hasn’t let up.
I see MU perpetuals around 965 now. They touched 973 yesterday; 906 is the previous day’s close. If that level doesn’t hold, I’d look again around 880. After such a big run-up, anyone chasing the rally should weigh the risks for themselves.
There’s more coming: the Fed’s decision is due at 2 a.m. Beijing time tomorrow, and the market is largely betting on no change. Then MSFT and GOOGL report after the close, with everyone watching cloud business growth.
Which one are you most worried might go wrong tonight: the Fed, Microsoft, or Google?
#美股 #AI #StocksEarningsSeason
Personal opinion, not a recommendation
