1. 43 days of crude supply on hand plus the Strait of Hormuz shut again is today's fear, with oil back above $90. If that supply number holds up, the 'surprise Fed hike before midterms' trade could get real legs again, if it's just noise this fades by Friday. We're watching the dollar and oil together here, not chasing the headline spike.
2. $MU, $SNDK, $NBIS and $RKLB are all over the confessional threads today after the SK Hynix and Samsung leveraged unwind spilled into the DRAM trade stateside. Sentiment flipped fast, from 'AI supercycle' a month ago to 'need a miracle from Micron and SanDisk just to break even' today. Worth watching whether $MU holds here or the whole memory story takes the year off.
3. $AAPL just took the most-valuable-company crown from $NVDA and the board is split on whether that's a real capex rotation or just a market cap coin flip. Ahead of $GOOGL earnings Wednesday there's a DD making rounds that Google's SpaceX stake could push GAAP EPS well past the $2.89 estimate, interesting napkin math, not gospel. If it plays out that's a wild card nobody's pricing in yet.
Aggregated and distilled by Two Sentence Traders. Not financial advice.