TMTB Weekly: GOOGL, RBLX, RDDT, AMD, HPE

Happy Sunday.

We won’t touch too much on the macro this week. Main event of the week is Powell on Friday where expectations about a big dovish pivot died down a bit following a hotter PPI print on Thursday.

Our base case over the next 1month or so is a relatively choppy environment where longs and shorts can both work, but a higher bar for ideas and fading extremes. We don’t want to get too bearish on any pullbacks as our 3-6month outlook is still pretty positive (we think the gold line below is most likely scenario), but also note that price action around Fed cuts has been fairly choppy -1 to +1 months into it…