fxevolution

Some big moves on today's markets. Let's break down $GOOGL, $AMZN, $INTC and everything else: 👇👇👇

$INTC down 26.00% Today $AMZN down 11.00% Today $GOOGL down 13.00% Today $SPY down 0.38% Today Has that ever actually happened before?

This would be a pretty wild turn of events... Markets have some good statistics following mid term elections running until June the next year. But 2018 was a little different.

This stat is alway's mind blowing but will 2026/27 be the same?

Google Cloud is growing over 100%. Microsoft Azure is up 48%. Yet something interesting is happening behind the AI boom. Google shares fell more than 9% after earnings, despite extraordinary cloud growth, while Bloomberg reports that financing AI data centres has become significantly more expensive. Some projects are now paying lenders more than 10% annually, just as the biggest technology companies are committing record amounts to infrastructure. In today's video, we connect the Price Action, Data and Flows to understand why the market is becoming increasingly sensitive to AI spending. Patience. React, don't predict.

And just like that, Google's entire 2026 rally is gone. $GOOGL is trading more than 9% lower following earnings, taking the stock back to where it started the year. Think about that. Nearly ten months of gains wiped out after one earnings report. The market can be pretty unforgiving when expectations aren't met.

*4 Things That Caught My Attention Today... 1. Bloomberg reportedly spoke with more than 30 bankers and money managers involved in funding data centres, and every one of them said raising money has become harder over the past few months. At least 18 deals are now paying lenders more than 10% annually. 2. Google's earnings are a fascinating contrast. Revenue jumped 25% to $127.6 billion, and Google Cloud grew an extraordinary 103% to $30.7 billion. Yet shares fell sharply after hours. Search advertising is still growing, but investors appear increasingly concerned about the enormous cost of AI expansion. Alphabet spent $51.4 billion on capital expenditure in one quarter alone. That's more than half a billion dollars every single day. 3. Microsoft continues to put up some remarkable numbers. Quarterly revenue reached $92.3 billion, up 19%, while Azure grew 48%. Operating margins reached 50%, which is extraordinary for a company of this size. But here's what I find interesting. Google and Microsoft are both seeing huge demand for AI infrastructure, yet the market is becoming much more sensitive to the spending required to support it. A year ago, investors seemed happy to celebrate almost any announcement involving AI. Now they're paying much closer attention to margins, cash flow and the return on all that investment. 4. Fed Chair Kevin Warsh held interest rates steady at 4%, and his press conference was a little different from what we've become accustomed to. Rather than offering clues about the next rate decision, he made it clear the Fed wants more data before committing to a direction. He's also moving away from some of the familiar forward-guidance practices, with changes planned for the FOMC meeting schedule. Patience. React, don't predict.

It looks like so far the buyers have showed up!

Korean stock index driven by Hynix earnings going wild right now. Up 5.00% Today.

4 Things That Caught My Attention Today... 1. The numbers coming out of SK Hynix are almost hard to believe. Revenue reportedly jumped 328% to $78.9 billion, while operating profit surged 632%. An 80% operating margin for a semiconductor manufacturer is extraordinary. What's even more interesting is that management expects memory demand to exceed supply through 2030, with long-term customers already securing much of its future production. Let's see how price ends up reacting this week! 2. Microsoft is offering voluntary buyouts to around 60,000 employees, while Barclays is reportedly preparing thousands of job cuts. Across technology, more companies are talking about AI when explaining changes to their workforces. Yet a survey of 9,000 executives found that 90% haven't seen meaningful productivity improvements from AI so far. That's quite a contrast. 3. Moody's says around 17% of the 607 companies it tracks are already paying part of their interest by taking on more debt. Meanwhile, a wave of private credit loans linked to AI infrastructure will need refinancing between 2027 and 2029. We've discussed CoreWeave, Oracle and the growing dependence on borrowing to fund data centres. The part I'm interested in is what happens when those financing arrangements come up for renewal. Building the infrastructure is one thing. Funding it over the next decade is another. 4. SpaceX has reportedly committed to a $40 billion arrangement to lease Nvidia's next-generation chips, with payments beginning in 2027. Forty billion dollars for computing equipment. We've now got technology companies, private credit funds, asset managers and chip manufacturers all involved in financing the AI buildout. It's time to watch CDS even more closely. Patience. React, don't predict.

Well, well, well. $TSLA breaks its downtrend, closes above $400 for the first time in over three months, and flips into positive gamma. All happening around the same time. The $400 level just became a lot more interesting.