1. $META overbought AI compute, now it's renting the excess out, and Wall Street decided to punish $NVDA and every semi name for the miscalculation. AMD puts printed on the other side, and the crowd that loaded up at last Friday's top is already underwater. Bounce is possible, but we're not rushing in here. Fade the hero trade.
2. June payrolls came in at 57k, roughly half of what was expected. Atlanta Fed just cut its GDP forecast from 3% to 1.2%. Warsh said inflation is still too high and wouldn't hint at July. The macro picture is softening. Rate cut crowd may get louder if this keeps rolling, but right now it's just more fog. Sitting on hands.
3. $WEN won't die. Fresh big-money YOLOs are still hitting the feed, though at $8.89 the meme has gone sideways since it peaked. $BB is quietly picking up DD traction on its QNX vehicle platform as a backdoor AI infrastructure angle. Worth a glance if the thesis holds, but crowd conviction is thin. Overall mood today: half the sub is posting retirement notices off Meta calls, the other half is posting margin-call wreckage. That kind of divergence usually means the dust hasn't settled.
Aggregated and distilled by Two Sentence Traders. Not financial advice.