ndx

higher growth and upward revisions for NVIDIA and AMD

metals

John Woods mentioned sharp increases in lithium due to supply constraints, leading to potential sharp ups in the metals market short term.

metals

Gold prices spiked sharply higher in the New York ComX this morning. CPM Group has been projecting for its clients that the price would touch 3,500 in August or September and would probably get up to 3,600 in September or October with higher prices later in the year and into 2026.

ndx

So I think that's normal. I expect it to we've said that third quarter. We think this is the best chance we could have for some correction or moderation, if you will. But I want to be very clear, it's still early in the new bull market.

ndx

The expectation for the S&P (which includes the Nasdaq 100) is around 5% up by the end of the year and almost 10% over 12 months, reflecting earnings growth of around 7% this year and next year.

ndx

I think that the next leg of this bull market's going to come from a broadening out beyond just the AI story.

yields

Well, interest rates are going lower. That's all we need to know. So if you're overweight in cash, you're getting a pay cut.

metals

we continue to expect higher gold prices over the course of this year into next year because we don't see those political and economic factors changing Strong investment demand driven by economic and political uncertainty is keeping gold and silver prices elevated, and open interest data shows market participants expect high and volatile prices to continue through the medium term.

yields

"the probability the fed cutting in September has gone up"; "there are now five rate cuts priced in between now and the end of the year, end of next year"; "markets are thinking, okay, the Fed's going to get down to 3% raise"; "long term rate can come down a little bit"

ndx

I think we're going to rally pretty strongly in August. So, I think yeah, I think we can get back to 65 or get to 65 6600 all-time highs this in the next couple weeks and then uh 7,000 in the next 12 months. Above that. Yeah, probably well above that next. Well above that. Yeah.

ndx

I think we're going to rally pretty strongly in August. So I think yeah, I think we can get back to 65 or get to 65, 60, 600 all time highs this in the next couple of weeks. And then 7000 in the next 12 months above that.

yields

"I think it makes it even more likely that they're going to cut in September. We have had a series of 25 basis point cuts in September, October, December."

ndx

Reinstated his S&P year end target of 7100. We have a Fed that will cut rates, and markets like earnings and revenue growth.

ndx

we think that tech and those secular growth stories are really the powerhouse here Microsoft and Meta strong earnings and continued CapEx growth driven by AI indicate tech will lead market higher

yields

From the bond market perspective, the cumulative cash flow surplus of the corporate sector this cycle is down 75% from where it was a decade ago, implying less liquidity and higher yields.

ndx

U.S. exceptionalism is back for the AI trade and in particular those big tech names. The bar is relatively low in terms of expectations. That would be a positive for sure.

ndx

You said that, you know, we need growth, and I. And I think it's coming. I think it's going to significantly impact corporate earnings productivity. And it's going to show up in in the equity markets. And Joe, it's not just a bull market here. It's a bull market globally. You're seeing European markets break out. I think you're going to get the Japanese market to break out. It's a global secular bull market driven by all this new innovation from AI to blockchain to crypto to Web3. And I don't think all of this is yet priced into the market. And you can see we're already in a summer melt up. The market is not positioned for this yet.