Bitcoin's Signal for High Beta Stock Trading, AAPL Strength in A.I. Shakedown

Asks Andrew Wong about market sentiment given recent gains after a down Monday.

Nicole

Andrew Wong

Sees classic December positioning dynamics: tax loss selling, profit taking, rotation into healthcare, gold, and small caps creating crosscurrents and opportunities for investors willing to lean into volatility.

Asks about playbook near term and long term, noting QT ending as potential catalyst.

Nicole

Andrew Wong

Feeling constructive; key watch is market wrestling with Fed as December meeting happens before November CPI and jobs data, making it a rate decision without full picture.

Notes CME FedWatch shows 87% chance of December cut vs. 35% two weeks ago, highlighting volatility in expectations. January meeting will have all data and could be pivot point for early 2026 tone.

Asks about Bitcoin direction given recent rally from ~80k to ~89k.

Nicole

Andrew Wong

Watches Bitcoin as sentiment gauge, not crypto call; recent sell-off was leverage unwinding, not fundamental shift; Bitcoin tightly correlated with Nasdaq.

If Bitcoin stabilizes, it's early sign investors ready to re-engage with higher beta assets like tech, small caps, cyclicals; expects this likely sometime this year into next.

Asks about AI arms race with Gemini, ChatGPT, etc.

Nicole

Andrew Wong

AI earnings can be justified; S&P 500 earnings growth in AI is real and story continues to unfold, but expectations are high.

When stocks priced to perfection, risk of disappointment at any signs of slowdown; watching that closely.

Andrew Wong

Also watching names with less AI play like Apple; narrative as AI laggard overlooks it as product powerhouse with strong iPhone demand, wearables, services.

Apple's stability is valuable in choppy December tape.

Asks what to buy today to make money.

Nicole

Andrew Wong

Likes Costco for durable business model due to membership revenue, visibility, renewal rates, spending customer base.

Added twist: Costco suing Trump administration for tariff refunds; if Supreme Court rules tariffs illegal, Costco and retailers could benefit from lower import costs; potential retail play to watch closely as retail stocks already acting better.

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