Software vs Semis: the daredevil mean-reversion trade? Revisions turning up as positioning hits extremes.

"We think the key focus from here will be how fast Tesla can scale driverless operations..." 

“This marks a significant step forward in how assets will be traded in the future,”

...national average pump-prices for gas near 5 year lows as oil drops amid rising hopes for a potential peace deal in the Russia-Ukraine conflict.

Retail traders and professional managers are very long, fast money is trimming its bullish positioning, and liquidity in China is pulling back...

Oklo has been working with the DoE and INL since 2019 and has leveraged the coordination over the past six years to progress as rapidly as possible through the novel DoE licensing path. 

The state argues the funding decision was arbitrary, was unlawful, and threatens public safety.

...'soft' survey data continues to collapse despite solid 'hard' data.

...interesting timing?!

...we’re now in a highly unusual regime, where we’re getting monetary plus fiscal stimulus outside a recession, rather than during one...

...the walls are closing in and his foreign media allies are jumping ship out of desperation to retain some of their credibility after years of deifying him.

...supporting solid Q4 GDP growth.

Perhaps Warsh's candidacy is floated simply to make Hassett look better...

"While some labor market weakness could be balanced by incremental Fed easing, the equity market remains vulnerable to a material negative surprise in the labor market." - GS 

"Literally, they put words in my mouth..."

Interest rate expenses were at record highs, even before the latest move higher in rates.

“The employment numbers would need to surprise materially — either significantly stronger or weaker than expected — to meaningfully shift market expectations”

Smaller states are expected to absorb systemic risk while core financial centers preserve deniability, play a double game, and posture as virtuous.

"We believe the realignment and restructuring actions will help improve the P&L as Ford reduces ..." 

It looks like a world where extra supply keeps outrunning every incremental demand upgrade...