The AI trade has gone from Wall Street's most crowded... to one of its most washed-out. Credit is cracking. Positioning has been flushed. Has the pendulum swung too far?

"It is believed," the resolution stated, "that Mr. Ramos was a target based solely on his faith..."

At some point META's shareholders should confront Zuckerberg about his catastrophic handling of this company. 

The action was taken due to a possibility of homes and businesses in affected regions losing power, which would pose a public safety risk.

Fed holds rates as expected with three hawkish dissenters; Warsh reiterates commitment to price stability and opposition to forward guidance; Trump says "we'll be hitting Iran hard" in response to attacks on US targets in Jordan; Houthis reportedly mull imposing fees on commercial ships sailing through the Southern Red Sea, but Houthi Leader denied this; Iran reportedly rejects Oman's proposal for regional joint management; Bigger-than-expected crude stock draw; SK Hynix earnings underwhelm; Softer-than-expected Aussie CPI

Azure revenue surpassed $100 billion for the first time... CapEx slightly below expectations

Customer growth stalling? 

...updated its travel advisory for the Bahamas, highlighting the risk of crime, including sexual assaults, in the Caribbean nation.

Time for semis again? Positioning has been flushed. SOX is deeply oversold. Risk/reward is changing.

Houthis have entered the chat...

The hottest watch on the course is Garmin's Approach S70... 

The chumps are New York taxpayers who believe that Mamdani can sell them produce at a discount of 30% below the market rate and not lose money.

...given Warsh’s distaste for forward guidance, he is unlikely to offer any clearer signals during the press conference.

The three dissents in favor of a rate hike clearly show the direction of travel...

"The drone hit floating storage tanker Energos Winter, causing a fire..." 

 

 

Ryder Williams has been hailed as a hero for saving a young life trapped in high surf in Santa Cruz...

...the market is not rewarding earnings beats.

MSFT is the biggest funding short, while META heads into earnings as one of the market's most closely watched AI trades, with investor focus centered on whether mgmt can begin connecting elevated infrastructure spending to credible long-term revenue...