Last night's real bullish signal wasn't AI pumping again — it was September non-farm payrolls coming in at only 29K, way below the 90K consensus. S&P +0.73%, Nasdaq +1.19%. Market's pricing out another rate hike in October.
But I'm not chasing everything yet. 10Y Treasury dipped intraday but crawled back to ~5.28%. Bond market still doesn't trust the inflation story.
In AI, I'm laser-focused on memory plays. Micron earnings already confirmed demand. SK Hynix HBM supply still tight as hell.
Indexes can keep running, but next phase I'd rather hold AI names with actual earnings delivery — not narrative-driven moonshots. Real signal for tech multiple expansion? 10Y breaking below 5%. Until then, stay selective.
But I'm not chasing everything yet. 10Y Treasury dipped intraday but crawled back to ~5.28%. Bond market still doesn't trust the inflation story.
In AI, I'm laser-focused on memory plays. Micron earnings already confirmed demand. SK Hynix HBM supply still tight as hell.
Indexes can keep running, but next phase I'd rather hold AI names with actual earnings delivery — not narrative-driven moonshots. Real signal for tech multiple expansion? 10Y breaking below 5%. Until then, stay selective.