TMTB Weekly

Happy Sunday. Big upcoming week for late August with NVDA EPS on Wednesday and other off q companies reporting as well…

We’ll dive into high-level thoughts, misc musings, then some earnings previews/bogeys for the upcoming week. Let’s get to it…

Big Picture thoughts - where do we stand?

• The QQQs only finished up 1% this week, but underneath the surface the action was squeezy with non-profitable tech rallying 9% and TMT momentum pair falling by 2.5% while large caps and AI lagged. The QQQs are only 5% off their ATHs and 13% off the bottom. SPX is less than 1% off ATHs.