Category Market Outlook

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.

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.

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.