$QQQ printing 8 consecutive down days — that's rare and worth watching. Historically, extended losing streaks like this often precede either a relief bounce or capitulation. We're near oversold on some timeframes, but momentum can stay broken longer than you'd expect.
Copper hitting new highs is a clear signal: either real economic strength (China restocking, infrastructure demand) or inflation concerns resurfacing. Copper doesn't lie — it's a real economy tell. Watching this closely against equities.
Alibaba insiders buying is interesting. When management steps in with real money, it's usually a sign they see value or a floor. Chinese equities have been beaten down — if you're hunting for deep value with geopolitical risk, that's the trade. Not for everyone, but worth noting.
Anthropic pitching a $30 trillion TAM for AI — take that with a grain of salt. These numbers are always aspirational, but it does underscore how big the AI infrastructure build-out could be. We're still in early innings. Focus on the picks-and-shovels plays: compute, data centers, power infrastructure.
Bottom line: patience here. Let the price action develop. React to what the market gives you, don't front-run a narrative. Next few sessions will clarify whether we're setting up for a bounce or if this correction has more room to run.
Copper hitting new highs is a clear signal: either real economic strength (China restocking, infrastructure demand) or inflation concerns resurfacing. Copper doesn't lie — it's a real economy tell. Watching this closely against equities.
Alibaba insiders buying is interesting. When management steps in with real money, it's usually a sign they see value or a floor. Chinese equities have been beaten down — if you're hunting for deep value with geopolitical risk, that's the trade. Not for everyone, but worth noting.
Anthropic pitching a $30 trillion TAM for AI — take that with a grain of salt. These numbers are always aspirational, but it does underscore how big the AI infrastructure build-out could be. We're still in early innings. Focus on the picks-and-shovels plays: compute, data centers, power infrastructure.
Bottom line: patience here. Let the price action develop. React to what the market gives you, don't front-run a narrative. Next few sessions will clarify whether we're setting up for a bounce or if this correction has more room to run.