Wall Street’s quietly re-pricing a whole group of AI infrastructure names.
6x multiples going to 20x — and it’s not on CNBC.
Click here to see the names in play before its too late…
Good morning:
Oil’s on the rebound today after spending a lot of the week in the down cycle…
This isn’t from an improvement in demand. It’s pure political theater.
Since the last efforts worked so well… (they didn’t), Western nations are now talking about more sanctions aimed at tightening the screws on Russian crude exports.
That has traders pricing in the risk of supply disruption again… even though the physical market has been soft.
Yesterday’s drop now appears to have been overdone, so crude is bouncing off the lows.
What can you do?
What else is on tap?
Markets are rising despite the Federal government shutdown…
The narrative in the trading community seems to be that the shutdown is more of a political sideshow than an economic shock…
Some traders are actually leaning into the idea that the longer Washington stays frozen, the more likely the Federal Reserve is to cut rates sooner.
That’s helping tech and healthcare stocks carry the tape higher overseas and in U.S. futures.
One labor data point is floating around that complicates things. Corporate layoffs dropped sharply in September compared to the prior month, which on the surface appears to be a sign of strength.
But when you zoom out, overall planned layoffs for the year remain near pandemic-era highs, and the number of companies planning to hire is at its lowest level in more than a decade.
In short, people aren’t getting fired as aggressively right now, but businesses aren’t adding new jobs either. It’s a soft freeze, not a recovery.
This morning’s mood is strangely optimistic on the screen, but the underlying tone feels cautious.
We’ll break down our views on momentum… on trading… and more at 8:45 ET. I’ll give you my top breakout stocks, breakdown candidates, and more. Just click this link.
See you there..
Stay positive,
Garrett Baldwin
Oh, and of course, the Runner…
