Cue the Empire soundtrack
This is the most new lows within the S&P 500 $SPY on a day the index poked above a prior all-time closing high. Ever!
Breadth signals extreme caution.
Context …is this America going on a strong hand or does this show weakness and the visual cue, America is desperate to work with China?
President Trump is in China with all of the following people to request “deals” with China’s President Xi:
1. Elon Musk, Tesla and SpaceX CEO
2. Jensen Huang, Nvidia CEO
3. Tim Cook, Apple CEO
4. Larry Fink, BlackRock CEO
5. Stephen Schwarzman, Blackstone CEO
6. Kelly Ortberg, Boeing CEO
7. Brian Sikes, Cargill CEO
8. Jane Fraser, Citigroup CEO
9. Larry Culp, General Electric CEO
10. David Solomon, Goldman Sachs CEO
11. Sanjay Mehrotra, Micron CEO
12. Cristiano Amon, Qualcomm CEO
And in the American West the Colorado River is only delivering 13% of its avg water flow downstream to Nevada Arizona, California and Mexico. You also need water to cool ai data centers. Who will win water rights? Corn and almonds, humans or ai?
“It would also be the lowest summer inflow in the reservoir’s history.”
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Daily Stock Markets covered in under 15 min. No ads. No partisan politics! Easy to follow for your morning coffee, dog walk or commute
Full Episode: 7 min
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