The AI theme is still incredibly strong, driven by token demand (up 2000% YoY). Earnings are broadening out, with the average S&P 1500 company seeing 12% YoY growth. The K-shaped economy is widening, but energy earnings revisions are offsetting consumer weakness. Consumer pushback on data center construction is a growing risk.
implicit
explicit
RUT
implicit
Metals
USD
Morgan Stanley
8.4
Investment Bank $1600.00B
Michelle Weaver 8.5
Investment Bank $1600.00B
Michelle Weaver 8.5
5/15/2026 1:33:06 AM
ndx
Absolutely not [on AI being the biggest theme]. Token demand is surging higher... up 2000% year-over-year.
| 12/19/2025 7:40:58 PM | medium term up | 21 days later | +1.28% | +1.28% |
| 12/15/2025 10:20:08 PM | medium term up | 20 days later | +1.07% | +1.07% |
| 12/2/2025 5:18:13 PM | long term up | 61 days later | +0.52% | +0.52% |
| 11/28/2025 6:46:36 PM | short term up | 7 days later | +1.12% | +1.12% |
| 11/25/2025 1:41:12 AM | medium term up | 20 days later | -0.41% | -0.41% |
| 11/25/2025 12:34:15 AM | short term up | 5 days later | +0.42% | +0.42% |
| 11/24/2025 4:43:34 PM | long term up | 62 days later | +2.78% | +2.78% |
| 11/22/2025 1:57:04 AM | medium term up | 21 days later | +0.78% | +0.78% |
| 11/14/2025 8:08:25 PM | medium term up | 21 days later | +3.34% | +3.34% |
| 11/7/2025 11:22:11 PM | short term up | 7 days later | -3.17% | -3.17% |
| 11/4/2025 2:20:08 PM | medium term cautious down | 20 days later | -2.35% | +1.17% |
| 11/3/2025 5:11:21 PM | medium term up | 20 days later | -2.21% | -2.21% |
| 10/31/2025 9:47:56 PM | short term up | 7 days later | -1.39% | -1.39% |
| 10/31/2025 3:02:13 PM | medium term cautious up | 21 days later | -4.23% | -2.12% |
| 10/21/2025 3:40:54 PM | medium term up | 20 days later | +2.63% | +2.63% |
| 10/14/2025 9:08:43 PM | medium term up | 20 days later | +2.79% | +2.79% |
| 10/2/2025 9:07:28 AM | medium term up | 20 days later | +1.26% | +1.26% |
| 9/23/2025 3:45:06 PM | medium term up | 20 days later | +0.31% | +0.31% |
| 9/22/2025 11:26:50 PM | short term cautious up | 6 days later | +0.13% | +0.06% |
| 9/8/2025 9:33:32 PM | short term up | 6 days later | +1.90% | +1.90% |
| 9/4/2025 5:07:54 PM | medium term up | 20 days later | +3.15% | +3.15% |
| 9/4/2025 9:41:48 AM | medium term cautious down | 20 days later | +3.15% | -1.57% |
| 8/18/2025 11:36:07 PM | medium term up | 20 days later | +1.61% | +1.61% |
| 8/7/2025 5:16:29 PM | medium term up | 20 days later | +0.39% | +0.39% |
| 8/5/2025 10:59:28 PM | medium term up | 20 days later | +0.90% | +0.90% |
rut
The K-shaped economy gap is widening... The middle and lower income consumer is in a very precarious spot.
| 11/22/2025 1:57:04 AM | medium term up | 21 days later | +4.82% | +4.82% |
wti
Michelle Weaver notes that positive earnings revisions from energy names are outweighing negative revisions from consumer names, implying a constructive view on energy prices (WTI) in the near term.
yields
She notes oil prices as a key risk and inflation remaining sticky, implying upward pressure on yields.
