Market Loaded! Powder Damp.
On Friday, the market got exactly the news it wanted. The September jobs report printed at +29k against a consensus of +90k. A big, soft, risk-on miss. Bitcoin did what it was supposed to do and spiked toward $86,000.
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
NVDA is cheap. One analyst says so.
Nvidia is sitting at three-month highs on a thesis that needs basically everything to go right for the next two years. Morgan Stanley just told you to buy it anyway.
MU Beat – The Market Shrugged
Micron printed $54 billion in revenue last quarter. Nearly 4x year-over-year. Net profit up more than 10x. Guidance well above consensus. Management said supply and demand in the memory market would stay tight through 2028.