Inside the mind of the top investors

Market update:

Markets finished green for a third straight session, with the S&P 500, Nasdaq and Dow all closing higher as semiconductors led the way. $MU surged nearly 6% and $AVGO gained almost 3%, keeping the memory and AI infrastructure trade in focus. However, the Fed’s hawkish hold pushed Treasury yields toward 5.05%, while Brent crude remained elevated near $115. My key line remains the 10-year yield at 5.2% — we are not there yet, but the cushion is narrowing. After hours, $MSFT gained on Azure strength, while $GOOG plunged roughly 9% despite strong Cloud growth, as advertising concerns and negative free cash flow weighed on sentiment. Tomorrow, I’m watching whether $GOOG can defend $315 and whether $META can reclaim $630 after holding above $600. Thursday brings GDP, PCE inflation and jobless claims before earnings from $AMZN, $INTC, $SNDK and $FET after the close. Great companies can still disappoint when expectations are too high.

$GOOG $288-290 hold it can bounce

$TSLA $397-

The Fed’s two-day meeting starts today. The decision comes at 2 p.m. tomorrow, and Warsh speaks right after. Our momentum readings haven’t moved much since yesterday. The Nasdaq is up almost 1% early. The AI names are leading, with Nebius up 11% and CoreWeave up 7%.

Russell Clark, a macro writer in England, compares compute to nuclear weapons. I think he’s right. Once a country has a handful of nuclear weapons, it doesn’t need more. U.S. policy has always been to have more anyway. Compute works the same way. Washington will never decide it has enough, which makes AI as much a national bet as a market one.

The country can’t have too much compute. A company can have too much debt. Musk said Sunday that more than 200 neoclouds will fail or get swallowed by bigger players. He said it right after SpaceX closed $40 billion in new debt. I think the strongest borrowers are happy to push the weaker ones out the window.

Clark also says you can’t pair-trade this group. When one name gets hit, they a

Tuesday Morning Market Briefing: Futures are flat after Monday’s rebound, with semiconductors leading while broader market participation remains narrow. $TSLA rallied, but $META remained under pressure. Oil is still elevated and bond yields remain a key risk, while the Fed meeting begins today ahead of tomorrow’s decision. All eyes are on $SOFI earnings this morning, followed by economic data and after-hours updates from $GOOG and $MSFT. The bounce is holding, but we need broader strength and easing macro pressure before calling it a sustainable recovery.