The slide continues as capital flows out of high beta stocks into safer and more stable companies. Momentum names like Sandisk & Nebius have started to come down a little after a huge rally over the past months. This is the consolidation period to see whether the bulls can continue to hold or whether the profit taking puts too much downwards pressure.

Longbridge - Captain's Watch
Captain's Watch

☕️ [Task Coins Giveaway] Daily Market Talk — Chips Break Ranks as Inflation Cools

Inflation cooled again and the market pushed higher, but the AI trade split apart. Big Tech and Apple (a new record) led the S&P up, while memory chips got dumped: SK Hynix -9%, Micron -8%. Add SpaceX...

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