TMTB EOD Recap / AMZN ATHs next week?
Happy Friday. Sorry this is out late - was running some errands around the close.
QQQs finished up 1%. IWM was up 1.6% and ARKK +2.3% with SMID/highly shorted names outperforming again though we did get some good large cap moves from AMZN, NVDA, GOOGL, etc. From my vantage point, reactions to prints continue to be rationale — yes we’ve had some outsized moves on some prints with respect to AI-exposed names, but that’s not unsurprising to me given potential to be a one in a generation type secular trend. Let’s see what next week brings.
Interesting and fun day today with lots to go over - so let’s get to it, starting with some thoughts on AMZN…