Last week’s selloff exposed Wall Street’s biggest vulnerability: even strong earnings may not save overvalued stocks when expectations become unrealistic.

The Nasdaq plunged 4.5%, while oil surged above $100 and sticky inflation complicated the Fed’s outlook. Capital is becoming more selective, not simply disappearing.

This week, three catalysts deserve attention. NVIDIA’s GTC Berlin could reignite AI enthusiasm, but investors need evidence that massive AI spending translates into sustainable profits. Tesla and Meta earnings will test whether growth narratives justify their valuations. Meanwhile, Western Digital’s results could reveal whether AI demand is strengthening storage economics.

My strategy: follow cash flow, not headlines. In volatile markets, companies with pricing power, healthy balance sheets, and proven earnings deserve priority over businesses relying on future promises.

@TigerObserver [你懂的]