The market positively reacted to a pause in fighting between the U.S. and Iran over the weekend, Semiconductor stocks were down broadly, The Next Event is Saturday August 15th with Rob Black and EP Wealth Advisors in San Francisco for Pints and Portfolios

Markets Meander As Oil Falls

Rob Black Show

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[SPEAKER_B] Some early headlines this morning. Apple overtakes Nvidia as the most valuable company. Ross Gerber is questioning Tesla's Optimus bet, saying there's no revenue coming anytime soon. Tesla Cybertruck considered to be the biggest flop in automotive history, overtaking the Edsel. That's interesting. Nvidia credit risk is jumping in swaps market on AI deals and more vendor financing through Nvidia. More on that as the show unfolds. I would have thought the markets would have opened higher on the lower oil. And the summertime tech correction that we're going through. That combination in my head on Saturday and Sunday led me to think market's going to open higher. But we're still in earnings season and there's serious questions that investors are throwing at tech companies on their AI spend. Thus, we're struggling. Again, more commentary on that. I'm just hitting the headlines right now. S&P 500 down 0.25% after opening in the green. So it's sliding. The Dow Jones Industrial Average up 0.25%, but sliding lower as the morning goes on. Same thing can be said for the NASDAQ, open in the green, now in the red, down 0.5%. Russell 2000 opened higher and sliding down, but up 50 basis points. So there's some winners and losers here. Taking a look at some individual names, I see Microsoft up $10, up 2.6%. Amazon's up fractions, but again, most of these names are sliding as the morning goes on. Apple's up 5. Wow. Hitting an all-time high, $338. The non-AI CapEx spend play is thriving. I do have to question the valuation starting to get stretched. I own Apple. It's my largest concentrated position.

Markets Meander As Oil Falls

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Markets Meander As Oil Falls

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.