Asks Andrew Wong about market sentiment given recent gains after a down Monday.
Nicole
Andrew Wong
Sees classic December positioning dynamics: tax loss selling, profit taking, rotation into healthcare, gold, and small caps creating crosscurrents and opportunities for investors willing to lean into volatility.
Asks about playbook near term and long term, noting QT ending as potential catalyst.
Nicole
Andrew Wong
Feeling constructive; key watch is market wrestling with Fed as December meeting happens before November CPI and jobs data, making it a rate decision without full picture.
Asks about Bitcoin direction given recent rally from ~80k to ~89k.
Nicole
Andrew Wong
Watches Bitcoin as sentiment gauge, not crypto call; recent sell-off was leverage unwinding, not fundamental shift; Bitcoin tightly correlated with Nasdaq.
Asks about AI arms race with Gemini, ChatGPT, etc.
Nicole
Andrew Wong
AI earnings can be justified; S&P 500 earnings growth in AI is real and story continues to unfold, but expectations are high.
Andrew Wong
Also watching names with less AI play like Apple; narrative as AI laggard overlooks it as product powerhouse with strong iPhone demand, wearables, services.
Asks what to buy today to make money.
Nicole
Andrew Wong
Likes Costco for durable business model due to membership revenue, visibility, renewal rates, spending customer base.