Asks if recent investor sentiment shift on AI trade is temporary rethink or the end of the trend
Carolina
Max Kettner
Not the end of AI trade at all - biggest shift was investor sentiment from waiting to buy dips in Aug-Oct to fearing this might be the end in November
Asks if December Fed decision is the catalyst for recovery
Carolina
Max Kettner
Fed timing doesn't matter much - what matters more for next 2-3 months is earnings
Notes Nvidia earnings beat but provided no market resiliency
Carolina
Max Kettner
Nvidia earnings overshadowed by OpenAI concerns, but Q3 earnings beat was strongest since COVID
Max Kettner
Fears people have taken too many hedges in November and aren't positioned for potential melt-up in next 2-3 months
Notes strong small/mid-cap earnings could provide broader market fuel beyond big tech
Carolina
Max Kettner
Market broadening already happening beyond tech to industrials, healthcare, financials, energy