🟢 [E5401] I've shown you how rate cuts have been a positive when you're not in a recession.

🟢 [E5417] This is the unemployment rate up here.

🟢 [E5416] We had the JOLTS quits rate came back down here.

🟢 [E5396] Uh bond vol keeps coming in.

🟢 [E5400] Uh and not just the bond vol, but you've also got effects vol coming down.

🟢 [E5403] I listen to power podcasts.

🟢 [E5393] So again, everyone who wanted to sell the Fed news and basically sell coming out of the summer time, uh you don't hear any more of the 10 listed fears of tariffs and inflation and stagflation and Fed making policy mistakes and earnings and recessions and everything else.

🟢 [E5409] This is just purely from a top-down basis of focusing on AI, where all the demand is today and where it'll be a year from now.

🟢 [E5408] But they said that they had experts coming in on high bandwidth memory and that there would be an oversupply situation next year.

🟢 [E5413] I still think they're off because of the certainty of what is to come.

🟢 [E5411] Historically, was HBM driven mainly by a sector or two where demand was fairly linear?

🟢 [E5410] way to use AI and show you guys how when these analysts come in the door, you can use it for this.

🟢 [E5394] Russell was up 1.8 led again.

🟢 [E5415] I think a deal with China and the US, if it does occur as I expect, at the APEC summit where they announce some kind of bargain, do not underestimate that that could be the trigger point for the true bubble or the true point where

🟢 [E5414] And again, I'm going to keep saying it.

🟢 [E5412] So how can any semi analyst say with certainty, unless they're focusing across verticals, what's going on?

🟢 [E5407] Uh equities retail continues to be buying ETF buyers in 103 83 of the 185 days.

🟢 [E5406] So this is the retail favored index blowing out again last week.

🟢 [E5405] Retail, on the other hand, continues to push things.

🟢 [E5404] We're getting plenty of pushback from traders as we continue to highlight investor All I get is pushback from people who are still worried about an AI bubble.

🟢 [E5402] I listen to AI podcasts.

🟢 [E5398] I expect, as I've said, for that to continue with the White House.

🟢 [E5397] Uh market bubbles only burst when central banks tighten and there's no sign of that.

🟢 [E5395] So again, everyone who wanted to sell the Fed news and basically sell coming out of the summer time, uh you don't hear any more of the 10 listed fears of tariffs and inflation and stagflation and Fed making policy mistakes and earnings and recessions and everything else.

🟢 [E5399] I've shown you how rate cuts have been a positive when you're not in a recession.