The Rollercoaster Is Getting Violent
Micron, Memory, Software, Nvidia, Cerebras, Korea, Taiwan, and the Fed.
The last few weeks have been filled with volatility.
What was once one of the cleanest trends we’ve seen in a year has quickly turned into what feels like a rollercoaster.
There’s been no shortage of catalysts and headlines over the past few weeks and together they’ve created a meaningful change in market structure.
That’s why it’s important to recognize these shifts as they happen. The market we’re in today isn’t the same market we were in coming off the April lows.
The action has gotten choppier and some of the biggest winners are finally starting to digest their massive moves.
On top of that, we have the memory trade, Micron earnings, Korea, Taiwan leverage, Fed fears, and a handful of other moving pieces weighing on sentiment.
There’s a lot to discuss…
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In the remainder of this article, I’m going to discuss:
What the volatility of the market is saying
The catalysts on the horizon
Micron earnings and the memory trade
Cerebras earnings
Software
What I expect from here
Charts
And more.
The market has changed significantly over the past few weeks and I strongly believe it’s important to stay in tune with the rhythm of a volatile market.
There’s a lot to discuss, so lets’s get into it.