TMT Breakout

TMT Breakout

Share this post

TMT Breakout
TMT Breakout
TMTB EOD
Copy link
Facebook
Email
Notes
More

TMTB EOD

TMT Breakout's avatar
TMT Breakout
Oct 31, 2023
∙ Paid
6

Share this post

TMT Breakout
TMT Breakout
TMTB EOD
Copy link
Facebook
Email
Notes
More
1
Share

We recently launched paid subscriptions.  Complimentary access and initial founding member prices will continue through Wednesday EOD.

Upgrade now!

While we wait AMD and MTCH, mkt recap for today…

QQQs finished up 50bps with SOX up 1% and ARKK up 2.2%.  Breadth was good with equal weighted S&P and R2K outperforming the indexes. Treasuries were roughly flat, DXY spiked 50bps, and crude fell 1%.  Another day with a bit better price action despite large cap lagging on the day. 

In internet, unlike yesterday, large cap underperformed – the yoyo of factor out/under performance continues.  AMZN up 30bps with more follow through and GOOGL dn 30bps. META underperformed down 50bps – not a lot of chatter out there put I posted in the chat that PDD has been very weak past couple days on the back of weaker singles day sales – not sure if some are extrapolating that to mean less $ to go around to spend on their U.S. expansion, which would hit META spend (bit of a stretch passing along fwiw).  Home buyer names t…

Keep reading with a 7-day free trial

Subscribe to TMT Breakout to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 TMT Breakout
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More