Quote post: @MikeZaccardi on Brent's ~16% week vs S&P ~2% (steepest oil week since April 2020)
The S&P 500 is only down about 2% this week while Brent crude is on track for a roughly 16% drop, its steepest week since April 2020.
I think the oil repricing is the clearer midterm signal because it is about eight times the equity move.
https://x.com/MikeZaccardi/status/2118798594312483313
Sources: RTE/Reuters: Brent on track for ~16% weekly decline, steepest since start of Covid pandemic · Baird Maritime/Reuters: Brent ~16% week; WTI set for ~13% week; Brent $98.55 Friday afternoon · AP: S&P 500 +0.7% Friday trimmed its weekly loss to 2.3%
Not financial advice. For informational and educational purposes only.
Quote post: @unusual_whales on $MU $600 Jan 2027 call flow (~$19.3M; stock near $690)
Someone just paid up to $19.3M for $MU $600 calls into January with the stock near $690. I think…
$NBIS stock call: Not yet, buy zone $90 to $105
$NBIS: Not yet. I'd buy between $90 and $105. 57% off the June high and 28% below its 200-day Q2 revenue up 454% with $3.0B ARR Still burning cash as Microsoft tightens oversight I think it falls further. The correction from the June top is not finished.
Afternoon update
Chips led a partial market rebound as strong jobs data supported gains, while earnings misses and downgrades drove sharp stock losses.
Chips led Friday's partial rebound from Thursday's Nasdaq rout, the index's steepest drop in 19 months. The Nasdaq rose 1.42% and the S&P 500 rose 0.71%. $AMD gained 9.2% and Intel 8.1%, and Micron also moved higher. The semiconductor basket rose 4.58% with…
Midday update
JFrog surged after raising guidance while Axon fell on a forecast cut, as company outlooks drove Friday's market.
$FROG is up 32.07% at midday Friday, leading a session where guidance set the direction. The S&P 500 is up 0.94% and the Nasdaq is up 1.72%. Gainers: JFrog raised full-year guidance to adjusted EPS of $1.14-$1.16 on revenue of $680M-$682M, ahead…