Swapping trading screen time for some green time this long weekend 🍃 Nothing resets the mind like a long walk in nature—far away from all the OpenAI ghost stories that’ve been dragging Oracle down.
Investors turned defensive as worries over the Fed's rate path timing and magnitude pushed Treasury yields higher, pressuring large-cap stocks.Options flows showed SPY at an inflection point, with either a 9.4% rally priced in by July expiry or a 5.6% drop expected by August. QQQ had at least 0.7% further upside priced in by June 14. For small-caps, upside appeared capped with expectations for IWM's rally staying below 5.1% by mid-June.Details:The S&P 500 ETF (SPY) saw open call interest rise 1.4% over the past 5 days. Open put contracts increased 1.2% over the same period.For call options, investors bought the most $SPY 20240719 580.0 CALL$ with a 580 strike, adding 46,000 contracts. This implies around 9.4% further
On the 22 May 2024 interview with Yahoo Finance, $NVIDIA Corp(NVDA)$ CEO Mr Jensen Huang offered strong praise for $Tesla Motors(TSLA)$ advancements in self-driving technology, even as other automakers ramp up their own autonomous driving efforts. To paraphrase - "Tesla is far ahead in self-driving cars," Huang remarked, acknowledging Tesla's significant head start in the field. (see below) However, he also supplemented that autonomous capabilities will eventually become standard in all vehicles. Huang's comments is pivotal for Tesla, as the company faces: Scrutiny. Increasing competition. …relating to its Full Self-Driving (FSD) technology that has just been rebranded to underscore “the need for driver s