Are U a Bag Holder? No wallorry, will find out sooner :)

[k1976]

In Jan

https://www.reuters.com/business/fi...onsumer-stocks-start-year-goldman-2024-01-08/

Now

https://www.cnbc.com/2024/06/25/hed...-chip-names-heading-into-the-second-half.html

 

[k1976]

https://www.linkedin.com/posts/nata...iler-stocks-activity-7184290654380818433-DpIp

HEDGE Funds has been dumping since Q1

 

[k1976]

Leveraged Tech Bets Get Crushed After Drawing in $2 Billion​

• Buying the dip backfires on investors as slide deepens
• SOXL sees record weekly inflow, down 37% in past 14 days

By Denitsa Tsekova and Isabelle Lee
July 25, 2024 at 5:41 AM GMT+8
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Buying the dip has been a winning strategy during the recent epic AI-fueled rally in technology shares. It’s backfiring now — and is especially excruciating for those who used amped-up wagers to amplify returns.

A batch of tech-centered leveraged exchanged-traded funds — designed to generate double or triple the daily move of underlying securities — are scoring double-digit losses after a market rout hammered stocks tied to the frenzy in artificial intelligence.

The Nasdaq 100 tumbled 3.7% Wednesday and scored its worst day since October 2022, extending declines that started last week.
Have a confidential tip for our reporters?

 

[k1976]

$1 Trillion Rout Hits Nasdaq 100 Over AI Jitters in Worst Day Since 2022​

• Nvidia, Microsoft, Apple lead broader stock market declines
• Nasdaq 100 loses $1 trillion in market value in the selloff

Talk of a bubble in AI names was fanned by activity in derivatives markets that acted as rocket fuel during the rally.
Photographer: SeongJoon Cho/Bloomberg
By Jeran Wittenstein
July 25, 2024 at 4:22 AM GMT+8
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Investors soured on the promise of artificial intelligence Wednesday, sparking a $1 trillion rout in the Nasdaq 100 Index as questions swirled over just how long it will take for the substantial investments in the technology to pay off.

The Nasdaq indexes tumbled more than 3% for the worst days since October 2022. The list of laggards was a who’s-who of AI technology darlings, led by semiconductor companies such as Nvidia Corp., Broadcom Inc. and Arm Holdings Plc.
https://www.bloomberg.com/tips/

 

[k1976]

Nikkei Heads for Correction on Faltering AI Bets, BOJ Concerns​

• Gauge slumps about 10% from peak hit two weeks earlier
• Volatility jumps as flight from risk continues: SMBC Trust

By Hideyuki Sano
July 25, 2024 at 10:00 AM GMT+8
Updated on
July 25, 2024 at 10:44 AM GMT+8
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Japan’s Nikkei 225 Stock Average headed for a technical correction as an AI-driven rally in technology shares went into reverse and concerns grew that the Bank of Japan is poised to hike interest rates.

The Nikkei declined as much as 3.1% on Thursday, taking its drop to at least 10% from an all-time peak hit just two weeks ago. Renesas Electronics Corp. led the slump following disappointing earnings. The broader Topix slipped as much as 2.8%, with exporters including Hitachi Ltd. retreating.
https://www.bloomberg.com/tips/

 

[k1976]

China Unexpectedly Cuts One-Year Policy Rate by Most Since 2020​

By Bloomberg News
July 25, 2024 at 9:29 AM GMT+8
Updated on
July 25, 2024 at 10:24 AM GMT+8
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The People’s Bank of China unexpectedly lowered the rate on its one-year policy loans by the most since April 2020 days after cutting a key short-term rate, in a sign of greater support for the slowing economy.

The central bank lowered the rate of medium-term lending facility by 20 basis points to 2.3%, according to a statement Thursday, the first reduction in almost a year.

The cut followed the PBOC’s trim of the seven-day reserve repo rate by 10 basis points on Monday. The monetary authority has recently downplayed the MLF rate in favor of the short-term rate to guide markets in a way more similar to global peers.

 

[k1976]

Tech Rout Deepens in Asia as Morgan Stanley Says Take Profits​

• Asia leadership change typically occurs before Fed cut: Garner
• TSMC, SK Hynix, Tokyo Electron removed from Focus Lists

By Youkyung Lee
July 22, 2024 at 11:41 AM GMT+8
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Asian technology stocks were on track for their worst selloff since the early days of the pandemic after Morgan Stanley strategists recommended investors book profits from the artificial intelligence boom.

The renewed slump followed concerns that set in last week over the sustainability of the red-hot AI trade as well as a possible tightening of US restrictions on sales of tech to China.

The Bloomberg Asia Pacific Semiconductors Index fell as much as 3% Monday, poised for its worst four-day loss since March 2020.