Wall Street recovered from a Fed slump. That's the headline. Wall Street slumped because the Fed did something, then it recovered because time passed and numbers changed direction. Riveting stuff.
The Fed causes slumps now. Used to be subprime mortgages or European debt or whatever, but now it's just the Fed existing. They meet. They talk. Markets fall. Then markets rise again because algos ran out of sell orders and had to do something else.
Amazon wants to build AI chips. Not use them. Build them. Amazon apparently looked at AWS revenue and thought "You know what this needs? A semiconductor division." Bold strategy for a company that started selling books. Next up: Amazon Aerospace. Amazon Pharmaceutical Manufacturing. Amazon Strategic Tungsten Reserve.
AI chip ambitions. That phrase does a lot of work. Ambitions could mean anything from a fully operational fab in Oregon to Jeff Bezos drawing rectangles on a napkin and labeling them "smart rectangles." The article doesn't specify, which means it's probably closer to the napkin.
Every weekday the Investing Club releases something called the Homestretch. An actionable afternoon update. Actionable. As if retail traders were sitting there at 3pm, hands hovering over their Robinhood accounts, waiting for Jim Cramer's newsletter to tell them what to do with their six shares of Tesla.
The last hour of trading. The power hour. The final stretch where real money managers are closing positions and retail traders are panic-buying because they read a headline about AI chips and ambitions and recovery and thought maybe this time would be different.
It won't be.
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