Hello to all my copiers and followers ๐
The tech and AI sell off continues today, triggered by a massive crash in Asian markets and fresh concerns over AI related spending.
MU is currently down almost 12% (at time of writing), ahead of itโs earnings release tomorrow. All eyes will be on this report as the stock has taken on a NVDA style dynamic. Analysts are expecting explosive growth and expectations are high.
On Thursday the US will release the May PCE data, the FEDโs favourite inflation guide. It is expected to increase to over 4%. It will be a critical test for the market, especially given the FEDโs cautious stance earlier this month to hold interest rates.
Progress to end US Iran tensions continues to be encouraging, but we continue to hold smaller energy positions to hedge against any further ecsalation.
Over the last two weeks we have invested a substantial amount from the cash position, and I will continue to invest further over the coming weeks. US big banks are due to report earnings mid next month, so I will be looking for any opportunities as they arise there.
As always, a big thank you to you all, for your trust and support on here ๐
All the best,
Jen ๐
24th June MU Earnings
25th June US PCE Earnings
2nd July US Jobs Data
3rd July US Market Closed โ Independence Day
... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
Staying anchored to a plan through days like this, rather than reacting to the headlines, is usually what separates investors who compound steadily from those who just trade the noise.... Show More
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Sun Aug 09 2026 03:40:56 GMT+0000 (Coordinated Universal Time)
