To The Moon

Technology stocks have managed to regain some momentum, but I am not convinced the latest rebound tells the whole story. $Invesco QQQ(QQQ)$  rose 0.61% on Tuesday, outperforming the S&P 500, which gained 0.35%. The question is whether this reflects improving investor confidence or simply a temporary pause in market uncertainty. There are three forces that could determine where technology stocks head next. 1. The Oil Market May Be Sending a Misleading Signal WTI crude fell 1.56% and Brent declined 1.82%. At first glance, this is positive for equity markets because lower energy prices can ease inflationary pressure and reduce operating costs. However, the situation around the Strait of Hormuz remains unresolved. A significant disruption

The latest rebound in $Invesco QQQ(QQQ)$  offers some encouragement for technology investors, but I don’t think the market has fully moved past its biggest uncertainties. QQQ gained 0.61% on Tuesday, while the S&P 500 advanced 0.35%. Technology stocks showed renewed strength, suggesting investors are still willing to buy into the growth story. However, the unresolved US midterm election outcome and ongoing tensions between the US and Iran mean that confidence could remain fragile. 1. Earnings Growth Is the Most Important Bullish Signal For QQQ, I believe earnings performance matters more than short-term political headlines. The technology sector has benefited significantly from AI investment, semiconductor demand and expanding data ce

The $Invesco QQQ(QQQ)$ gained 0.61 per cent on Tuesday and the $S&P 500(.SPX)$ rose 0.35 per cent as technology shares recovered from the previous session's decline. Democrats recorded early progress in several important Senate races, but control of both chambers remained unresolved. The result could influence technology regulation, taxation, AI data-centre approvals and government spending, yet markets did not make a large bet on one political outcome. US-Iran negotiations also remained divided. Iran continued to link seven conditions to reopening the Strait of Hormuz, and the US response had not closed the gap. WTI crude fell 1.56 per cent and Brent declined 1.82 per c

I would watch QQQ earnings breadth first, followed by short-term Treasury demand and oil prices. A sustainable tech rebound requires more than a handful of mega-cap stocks driving index gains. Strong earnings guidance, improving profit margins and broader participation across semiconductors, software and other technology sectors would provide stronger evidence of genuine risk appetite. Short-term Treasury demand offers a useful cross-check. A flight towards safe-haven assets could indicate underlying caution despite rising equities, although yields also reflect Fed policy expectations. Oil remains an important geopolitical risk indicator, particularly given uncertainty surrounding Iran and the Strait of Hormuz. However, falling crude prices alone do not necessarily signal reduced geopoliti

lets go all we will be ghere

QQQ is ready for the next leg up and all time highs

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.‌ So the long waited US mid-term election is here. I saw in the news that Trump had already execute his sly scheme to make 40,000 votes in California invalid, which was blocked by the supreme court. Democratic is expected to regain majority control of the senate and congress, at this point its the margin of victory that is up for debate. And this proves that American citizens are finally sick and tired of this lunatic president and ready to wrestle some control away from him. However, if that happens, strong momentum towards decentralizing finance and push for cypto frameworks might slow down or put to halt. So something to take note if your portf

$QQQ$   Just DCA Invesco (QQQ) - it's a no brainer ! It's very beautiful when a company like Google admits that their own AI is eating up their own Google Ad revenue !!! Google-owner Alphabet lost just over $500bn (£374bn) in value on Thursday after it revealed its own artificial intelligence (AI) summaries were hitting search advertising revenue. Chief business officer Philipp Schindler said Google's "AI mode", where it answers questions conversationally, was eating into the money it makes from ads which appear next to results to traditional search questions. Yet, Schindler said he felt "very good about our trajectory" with an AI-focused version of the search engine. Google's role in

For $DBS(D05.SI)$, our focus is the combination of net interest income, wealth fees and credit costs. Constructive case: Lending income proves resilient, fees hold up against expectations and provisions remain manageable.

The correction is a healthy one. I think the AI and chip related stocks had a good run from the beginning of the year. Investors are seriously looking whether this will in turn generate good profits to companies. Good luck.

QQQ down 1.37% and S&P down 0.52% Monday is the market doing a pre-midterm de-risk, not a full tech unwind. With all 435 House seats and 35 Senate seats contested, this election sets the path for taxes, AI data-center permits, tech regulation and fiscal spending, so volatility makes sense. Bulls are right that a divided Congress usually means no major policy shock, which is actually bullish for big tech because it limits regulation, but bears are also right that a contested or slow count could spike VIX and hit AI capex names hardest. I don't see reason to panic hedge everything, but trimming high-beta tech and rotating to S&P defensives or short-term T-bills into the count is prudent. For me, the first signal of risk appetite will be QQQ earnings breadth -- if earnings hold, dip b

The $Invesco QQQ(QQQ)$ fell 1.37 per cent on Monday and the $S&P 500(.SPX)$ declined 0.52 per cent. All 435 House seats and 35 Senate seats are being contested in the US midterm election. A change in congressional control could alter expectations for taxation, technology regulation, AI data-centre approvals and government spending. The election was not the only reason technology shares fell. Oracle lost 8.78 per cent, AMD fell 7.59 per cent and Intel declined 8.97 per cent as investors continued to reduce exposure to companies associated with heavy AI investment. The result may shape the policy path, but companies still need to prove that investment can produce profit an

Markets shouldn’t confuse political uncertainty with investment risk. A Democratic win could trigger short-term volatility, particularly for mega-cap tech, AI regulation and corporate tax expectations. But the bigger question is whether earnings growth, AI productivity and capital investment remain intact. History suggests markets eventually care far more about profits, interest rates and economic growth than which party controls Congress. A divided government could even prove constructive by limiting sweeping policy changes. My view: don’t hedge simply because an election is approaching. Hedge when valuations, fundamentals or risk exposure justify it. Political headlines create volatility; fundamentals create lasting returns.

Technology stocks are facing pressure at a time when investors have several reasons to reassess their exposure. On Monday, the Nasdaq-100 tracking ETF QQQ fell 1.37%, while the S&P 500 declined 0.52%, reflecting continued weakness in parts of the technology sector. The upcoming US midterm elections add another layer of uncertainty. All 435 House seats and 35 Senate seats are being contested, and the results could influence expectations around corporate taxes, technology regulation, AI data-centre permits and government spending. However, I don’t think the election itself is the only issue investors should be watching. The bigger concern is how political uncertainty interacts with already elevated expectations for technology earnings and AI infrastructure investment. 1. Elections create

The key takeaway: Wall Street is not necessarily questioning the strength of AI demand. Instead, investors are increasingly concerned about the sustainability of AI capital expenditure, the return on massive infrastructure investments, and whether the memory industry's earnings boom is approaching its peak. The latest sell-off reveals a striking disconnect: semiconductor companies are reporting strong earnings, yet their shares continue to decline. Memory demand remains robust, but markets are already pricing in the possibility of a cyclical slowdown. 1. How Wall Street Explains the Sell-Off Barclays Private Bank: AI's Financing Model Is Under Scrutiny Barclays argues that the market is increasingly focused on the financial sustainability of AI infrastructure spending. Hyperscalers continu

Technology stocks are facing two sources of uncertainty at the same time: US midterm elections and growing concerns about the sustainability of AI infrastructure spending. On Monday, the Nasdaq 100 ETF (QQQ) fell 1.37%, while the S&P 500 declined 0.52%. Technology stocks remained under pressure as investors assessed the potential impact of election outcomes on corporate taxes, technology regulation, AI data-centre approvals and government spending. The timing is particularly interesting because the market is already questioning whether enormous AI investments will generate sufficient returns. For investors, the challenge is deciding whether the current weakness represents a temporary period of uncertainty or an early warning that risk appetite is changing. Here are five things I would

Maybe it's time... Maybe... 

The congressional midterm elections, the biggest political event in the United States this year, finally go to a vote this week. Trump has gone to extraordinary lengths ahead of the election, first capturing Venezuela's president and then assassinating Iran's supreme leader. He had hoped that these unconventional measures would free up more crude oil supply, push oil prices down and bring inflation under control. Instead, Iran closed the strait, which remains shut. Oil prices surged, and inflation began rising again. Current market forecasts suggest a significant chance that Republicans will lose control of both the House and the Senate. If that happens, Trump will find it difficult to implement his policies over the remaining two years of his term, or will once again be drawn into protrac

QQQ closed Friday at: $690.49 down: 3.47%. The Nasdaq fell almost 3%. Semiconductors were crushed. AMD fell 10.9%. Nvidia fell 4.2%. Intel collapsed 28.6%. And suddenly the question everywhere is: IS THE AI TRADE FINALLY BREAKING? I don't think that is what Friday told us. I think something more important happened. For two years, the market rewarded companies for: SPENDING ON AI. Now it is beginning to ask: WHO ACTUALLY EARNS A RETURN FROM IT? That is not necessarily the end of the AI bull market. It may be: THE END OF EASY AI MONEY. And that distinction completely changes how I would buy this dip. 🔥 FRIDAY WAS NOT A NORMAL RISK-OFF DAY Look underneath the indices. QQQ: -3.47% S&P 500: -1.82% Dow: -1.09% Nasdaq: -2.86% That dispersion matters. If investors suddenly believed the entire

$Invesco QQQ(QQQ)$ closed Friday down 3.47% at $690.49, raising an important question for investors: is this a temporary correction or the beginning of a more prolonged valuation reset? My view is that both possibilities deserve consideration. I remain positive on the long-term technology outlook, but I think the market is entering a phase where earnings quality and actual returns on AI investment matter more than ambitious growth forecasts. 1. The market is asking a different question about AI For much of the past year, companies announcing bigger AI infrastructure budgets were rewarded by investors. That enthusiasm is now being tested. Building data centres, buying advanced chips and expanding computing capacity require enormous capital. Inv

The $Invesco QQQ(QQQ)$ gained 0.61 per cent on Tuesday and the $S&P 500(.SPX)$ rose 0.35 per cent as technology shares recovered from the previous session's decline. Democrats recorded early progress in several important Senate races, but control of both chambers remained unresolved. The result could influence technology regulation, taxation, AI data-centre approvals and government spending, yet markets did not make a large bet on one political outcome. US-Iran negotiations also remained divided. Iran continued to link seven conditions to reopening the Strait of Hormuz, and the US response had not closed the gap. WTI crude fell 1.56 per cent and Brent declined 1.82 per c

The latest rebound in $Invesco QQQ(QQQ)$  offers some encouragement for technology investors, but I don’t think the market has fully moved past its biggest uncertainties. QQQ gained 0.61% on Tuesday, while the S&P 500 advanced 0.35%. Technology stocks showed renewed strength, suggesting investors are still willing to buy into the growth story. However, the unresolved US midterm election outcome and ongoing tensions between the US and Iran mean that confidence could remain fragile. 1. Earnings Growth Is the Most Important Bullish Signal For QQQ, I believe earnings performance matters more than short-term political headlines. The technology sector has benefited significantly from AI investment, semiconductor demand and expanding data ce

Technology stocks have managed to regain some momentum, but I am not convinced the latest rebound tells the whole story. $Invesco QQQ(QQQ)$  rose 0.61% on Tuesday, outperforming the S&P 500, which gained 0.35%. The question is whether this reflects improving investor confidence or simply a temporary pause in market uncertainty. There are three forces that could determine where technology stocks head next. 1. The Oil Market May Be Sending a Misleading Signal WTI crude fell 1.56% and Brent declined 1.82%. At first glance, this is positive for equity markets because lower energy prices can ease inflationary pressure and reduce operating costs. However, the situation around the Strait of Hormuz remains unresolved. A significant disruption

I would watch QQQ earnings breadth first, followed by short-term Treasury demand and oil prices. A sustainable tech rebound requires more than a handful of mega-cap stocks driving index gains. Strong earnings guidance, improving profit margins and broader participation across semiconductors, software and other technology sectors would provide stronger evidence of genuine risk appetite. Short-term Treasury demand offers a useful cross-check. A flight towards safe-haven assets could indicate underlying caution despite rising equities, although yields also reflect Fed policy expectations. Oil remains an important geopolitical risk indicator, particularly given uncertainty surrounding Iran and the Strait of Hormuz. However, falling crude prices alone do not necessarily signal reduced geopoliti

$QQQ$   Just DCA Invesco (QQQ) - it's a no brainer ! It's very beautiful when a company like Google admits that their own AI is eating up their own Google Ad revenue !!! Google-owner Alphabet lost just over $500bn (£374bn) in value on Thursday after it revealed its own artificial intelligence (AI) summaries were hitting search advertising revenue. Chief business officer Philipp Schindler said Google's "AI mode", where it answers questions conversationally, was eating into the money it makes from ads which appear next to results to traditional search questions. Yet, Schindler said he felt "very good about our trajectory" with an AI-focused version of the search engine. Google's role in

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.‌ So the long waited US mid-term election is here. I saw in the news that Trump had already execute his sly scheme to make 40,000 votes in California invalid, which was blocked by the supreme court. Democratic is expected to regain majority control of the senate and congress, at this point its the margin of victory that is up for debate. And this proves that American citizens are finally sick and tired of this lunatic president and ready to wrestle some control away from him. However, if that happens, strong momentum towards decentralizing finance and push for cypto frameworks might slow down or put to halt. So something to take note if your portf

The $Invesco QQQ(QQQ)$ fell 1.37 per cent on Monday and the $S&P 500(.SPX)$ declined 0.52 per cent. All 435 House seats and 35 Senate seats are being contested in the US midterm election. A change in congressional control could alter expectations for taxation, technology regulation, AI data-centre approvals and government spending. The election was not the only reason technology shares fell. Oracle lost 8.78 per cent, AMD fell 7.59 per cent and Intel declined 8.97 per cent as investors continued to reduce exposure to companies associated with heavy AI investment. The result may shape the policy path, but companies still need to prove that investment can produce profit an

The key takeaway: Wall Street is not necessarily questioning the strength of AI demand. Instead, investors are increasingly concerned about the sustainability of AI capital expenditure, the return on massive infrastructure investments, and whether the memory industry's earnings boom is approaching its peak. The latest sell-off reveals a striking disconnect: semiconductor companies are reporting strong earnings, yet their shares continue to decline. Memory demand remains robust, but markets are already pricing in the possibility of a cyclical slowdown. 1. How Wall Street Explains the Sell-Off Barclays Private Bank: AI's Financing Model Is Under Scrutiny Barclays argues that the market is increasingly focused on the financial sustainability of AI infrastructure spending. Hyperscalers continu

Technology stocks are facing two sources of uncertainty at the same time: US midterm elections and growing concerns about the sustainability of AI infrastructure spending. On Monday, the Nasdaq 100 ETF (QQQ) fell 1.37%, while the S&P 500 declined 0.52%. Technology stocks remained under pressure as investors assessed the potential impact of election outcomes on corporate taxes, technology regulation, AI data-centre approvals and government spending. The timing is particularly interesting because the market is already questioning whether enormous AI investments will generate sufficient returns. For investors, the challenge is deciding whether the current weakness represents a temporary period of uncertainty or an early warning that risk appetite is changing. Here are five things I would

Technology stocks are facing pressure at a time when investors have several reasons to reassess their exposure. On Monday, the Nasdaq-100 tracking ETF QQQ fell 1.37%, while the S&P 500 declined 0.52%, reflecting continued weakness in parts of the technology sector. The upcoming US midterm elections add another layer of uncertainty. All 435 House seats and 35 Senate seats are being contested, and the results could influence expectations around corporate taxes, technology regulation, AI data-centre permits and government spending. However, I don’t think the election itself is the only issue investors should be watching. The bigger concern is how political uncertainty interacts with already elevated expectations for technology earnings and AI infrastructure investment. 1. Elections create

lets go all we will be ghere

QQQ closed Friday at: $690.49 down: 3.47%. The Nasdaq fell almost 3%. Semiconductors were crushed. AMD fell 10.9%. Nvidia fell 4.2%. Intel collapsed 28.6%. And suddenly the question everywhere is: IS THE AI TRADE FINALLY BREAKING? I don't think that is what Friday told us. I think something more important happened. For two years, the market rewarded companies for: SPENDING ON AI. Now it is beginning to ask: WHO ACTUALLY EARNS A RETURN FROM IT? That is not necessarily the end of the AI bull market. It may be: THE END OF EASY AI MONEY. And that distinction completely changes how I would buy this dip. 🔥 FRIDAY WAS NOT A NORMAL RISK-OFF DAY Look underneath the indices. QQQ: -3.47% S&P 500: -1.82% Dow: -1.09% Nasdaq: -2.86% That dispersion matters. If investors suddenly believed the entire

The congressional midterm elections, the biggest political event in the United States this year, finally go to a vote this week. Trump has gone to extraordinary lengths ahead of the election, first capturing Venezuela's president and then assassinating Iran's supreme leader. He had hoped that these unconventional measures would free up more crude oil supply, push oil prices down and bring inflation under control. Instead, Iran closed the strait, which remains shut. Oil prices surged, and inflation began rising again. Current market forecasts suggest a significant chance that Republicans will lose control of both the House and the Senate. If that happens, Trump will find it difficult to implement his policies over the remaining two years of his term, or will once again be drawn into protrac

QQQ is ready for the next leg up and all time highs

AI Spending Isn't Peaking. Its Growth Is. Yesterday we looked at AMD into its print. Here is the spending wave it rides on. $201.9B. That is what Amazon, Microsoft, Alphabet and Meta spent in cash on capex in one quarter, Q3 2026. The usual question is whether that number has peaked. I think it is the wrong question. Spending and the growth of spending peak at different times, and markets have tended to care about the second one. TWO PEAKS, NOT ONE A boom has a level (dollars spent) and a growth rate (how fast those dollars rise). The growth rate can top out years before the level does. Goldman Sachs (24 Sep) noted that consensus has the big US cloud spenders at about $800B of capex in 2026 and about $1.1T in 2027, with growth roughly halving each year. UBS lifted its own forecasts in late

For $DBS(D05.SI)$, our focus is the combination of net interest income, wealth fees and credit costs. Constructive case: Lending income proves resilient, fees hold up against expectations and provisions remain manageable.

$Invesco QQQ(QQQ)$ closed Friday down 3.47% at $690.49, raising an important question for investors: is this a temporary correction or the beginning of a more prolonged valuation reset? My view is that both possibilities deserve consideration. I remain positive on the long-term technology outlook, but I think the market is entering a phase where earnings quality and actual returns on AI investment matter more than ambitious growth forecasts. 1. The market is asking a different question about AI For much of the past year, companies announcing bigger AI infrastructure budgets were rewarded by investors. That enthusiasm is now being tested. Building data centres, buying advanced chips and expanding computing capacity require enormous capital. Inv

A 3.47% decline in $Invesco QQQ(QQQ)$ to $690.49 on Friday is difficult to ignore, particularly as investors begin questioning whether the massive AI infrastructure spending will generate sufficient returns. My view is that this pullback could create an attractive entry opportunity, but I would be careful about buying too aggressively at the first sign of weakness. 1. The AI investment story is being reassessed, not necessarily abandoned The recent sell-off reflects a change in what investors are demanding from technology companies. Strong revenue growth and ambitious AI spending plans are no longer enough. The market wants evidence that these investments can translate into sustainable earnings and free cash flow. This distinction matters. AI

The correction is a healthy one. I think the AI and chip related stocks had a good run from the beginning of the year. Investors are seriously looking whether this will in turn generate good profits to companies. Good luck.

$Invesco QQQ(QQQ)$   $Micron Technology(MU)$   Just DCA Invesco (QQQ) - it's a no brainer ! It's very beautiful when a company like Google admits that their own AI is eating up their own Google Ad revenue !!! Google-owner Alphabet lost just over $500bn (£374bn) in value on Thursday after it revealed its own artificial intelligence (AI) summaries were hitting search advertising revenue. Chief business officer Philipp Schindler said Google's "AI mode", where it answers questions conversationally, was eating into the money it makes from ads which appear next to results to traditional search questions. Yet, Schindler said he felt "very good