The Federal Reserve kept interest rates unchanged. Groundbreaking stuff. Markets barely moved because everyone already knew this was happening. But now the real panic begins: waiting to hear what Microsoft and Meta will say about their AI spending.
This is what we've come to. The central bank of the United States makes a policy decision and nobody gives a f*ck. Two tech companies are about to discuss their capital expenditure plans and traders are refreshing their browsers like it's a sneaker drop.
Microsoft and Meta are expected to tell investors how many billions they plan to dump into AI infrastructure. Data centers. Chips. Power grids that could light up a small European nation. The number will be large. Analysts will pretend they understand what the money is buying. Retail traders will buy calls based on vibes.
The Fed's actual job is setting monetary policy. They did that job today. Rates stayed put. This should matter. It used to matter. Now it's just background noise while everyone waits for Satya Nadella and Mark Zuckerberg to justify their GPU hoarding.
Here's what will happen: Both companies will announce eye-watering capex numbers. Stock prices will move based on whether those numbers are slightly higher or slightly lower than what some analyst pulled out of a spreadsheet. Everyone will nod sagely about long-term strategic positioning. Nobody will know if any of this AI spending will ever generate a positive return.
The Investing Club released this update for the last hour of trading. Perfect timing. You can use this information to make terrible decisions with maximum efficiency.
Jerome Powell moved his lips for an hour and the market yawned. Two CEOs are about to read from earnings scripts and retail traders will treat it like the Sermon on the Mount. This is technical analysis now: waiting for billionaires to tell you if your position is f*cked.
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