INFO
MARKET MEDIA2026-07-18
OPEN SOURCECHANNELSchwab Network
What ASML Earnings Means for AMAT, Chip Manufacturers & AI Memory
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What ASML Earnings Means for AMAT, Chip Manufacturers & AI Memory
ASML's strong earnings and raised guidance have resulted in fluctuating investor reactions, with the stock initially losing gains before recovering to positive territory.
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- ASML's strong earnings and raised guidance have resulted in fluctuating investor reactions, with the stock initially losing gains before recovering to positive territory.
- Long-term agreements with customers provide ASML with a multi-year trajectory that includes minimum prices and volumes, enhancing investor confidence in the company's stability.
- Many semi-cap equipment companies are currently trading at around 50 times earnings, indicating high valuations that may not be justified under current market conditions.
- ASML's plans to raise prices indicate pricing power, supported by a demand-supply imbalance and long-term supply agreements with customers.
- The semiconductor sector is experiencing profit-taking, particularly in memory stocks, which have shown signs of selling off in July.
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- A diversified investment approach is currently preferred, with hardware opportunities seen as more compelling than those in memory.
- Pricing power is crucial in the memory cycle, with long-term agreements and pricing trends serving as key indicators of market shifts.
- Understanding customer reactions to contract renewals and pricing changes will provide insights into demand dynamics in the memory sector.
- The cyclical nature of memory markets makes identifying turning points challenging but essential for investment decisions.
- Our interpretation: The emphasis on hardware over memory suggests a cautious stance in the semiconductor market, where pricing power and long-term agreements are likely to dictate future demand and influence broader market dynamics.
INSTRUMENTS
ASML
ASML's earnings and pricing power are directly discussed.
INFO
MARKET MEDIA2026-07-17
OPEN SOURCECHANNELSchwab Network
How Recent Volatility is Impacting Oil Prices
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How Recent Volatility is Impacting Oil Prices
Patrick De Haan anticipates that the national average price of gasoline will reach $4 per gallon within the next three to six days, driven by recent oil price increases.
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- Patrick De Haan anticipates that the national average price of gasoline will reach $4 per gallon within the next three to six days, driven by recent oil price increases.
- Currently, the national average for gasoline stands at $3.97 per gallon, with projections indicating a rise to between $4.10 and $4.15 per gallon as retail prices adjust to higher oil costs.
- Diesel prices have already exceeded $5 per gallon, reflecting significant pressure on the U.S. economy and consumers due to rising fuel costs.
- De Haan points out that the disconnect between oil prices and gasoline prices is primarily due to limited refining capacity, with U.S. refineries operating at nearly 97% capacity during the summer driving season.
- The ongoing attacks on Russian refineries are contributing to a global shortage of refining capacity, further exacerbating the volatility in oil and gas prices.
- De Haan emphasizes that geopolitical risks, particularly from Ukraine's actions against Russian refineries, are a major factor driving current price fluctuations in the oil and gas markets.
- Our interpretation: The current volatility in oil and gas prices is likely to persist due to constrained refining capacity and geopolitical tensions, which could lead to sustained inflationary pressures in energy markets and influence U.S. dollar liquidity and rate expectations.
INSTRUMENTS
GASOLINE
The block discusses anticipated increases in gasoline prices directly.
WTI
The analysis of oil price volatility directly relates to WTI crude oil prices.
AUDUSD
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
EURUSD
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
GBPUSD
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
NZDUSD
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
USDCAD
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
USDCHF
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
USDDKK
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
USDJPY
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
USDNOK
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
USDPLN
The discussion on rising gasoline prices due to oil volatility indicates inflationary pressures linked to the USD.
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- The guest anticipates that motorists will not see a notable reduction in gasoline prices until later this year, primarily due to ongoing geopolitical tensions affecting supply.
- Patrick emphasizes that the influence of Ukrainian attacks on Russian refineries is more significant for gasoline pricing than the current oil price levels.
- He points out that regions such as the northeast and the west coast may face earlier price hikes due to their greater dependence on the global market for refined fuels.
- California's increased reliance on overseas refineries could worsen local price pressures if disruptions to Russian refining capacity persist.
- Our interpretation: The interplay between geopolitical events and regional fuel supply dynamics suggests that elevated gasoline prices may persist, impacting consumer spending and potentially influencing inflation metrics, which could, in turn, affect monetary policy considerations.
INSTRUMENTS
GASOLINE
The discussion centers on gasoline prices influenced by geopolitical tensions.
BRENT
Brent crude oil prices are indirectly affected by the geopolitical events discussed.
WTI
WTI crude oil prices are also influenced by the same geopolitical factors affecting gasoline.
INFO
MARKET MEDIA2026-07-17
OPEN SOURCECHANNELSchwab Network
Friday's Final Takeaways: U.S. Import Prices & Home Affordability Crisis
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Friday's Final Takeaways: U.S. Import Prices & Home Affordability Crisis
U.S. import prices unexpectedly rose in June, indicating that tariff-related costs may be filtering through the economy despite broader inflation cooling.
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- U.S. import prices unexpectedly rose in June, indicating that tariff-related costs may be filtering through the economy despite broader inflation cooling.
- Home buyer affordability declined for the fifth consecutive month in June, driven by elevated mortgage rates and home prices, keeping many prospective buyers sidelined.
- The median monthly mortgage payment is now approximately $2,290, about $100 higher than a year ago, reflecting the weakest affordability levels in decades.
- In June, the median price of a single-family house rose to $446,400, requiring an income of at least $109,000 to qualify for a mortgage, compared to $93,000 in January.
- Our interpretation: The rising import prices, particularly from China, coupled with declining home affordability due to high mortgage rates, suggest a tightening economic environment that could lead to increased inflationary pressures. This scenario may prompt the Federal Reserve to reassess its monetary policy stance, potentially impacting the USD and interest rates as they navigate the balance between growth and inflation.
INSTRUMENTS
EURUSD
The block's inflation discussion suggests potential impacts on USD, making EUR/USD relevant.
USDCHF
The block's discussion of inflation and Fed policy directly impacts USD, making USD/CHF relevant.
USDJPY
The block's discussion of inflation and Fed policy directly impacts USD, making USD/JPY relevant.
AUDUSD
The block discusses rising import prices and inflationary pressures, which are directly linked to USD monetary policy.
GBPUSD
The block discusses rising import prices and inflationary pressures, which are directly linked to USD monetary policy.
NZDUSD
The block discusses rising import prices and inflationary pressures, which are directly linked to USD monetary policy.
USDCAD
The block discusses rising import prices and inflationary pressures, which are directly linked to USD monetary policy.
USDDKK
The block discusses rising import prices and inflationary pressures, which are directly linked to USD monetary policy.
USDNOK
The block discusses rising import prices and inflationary pressures, which are directly linked to USD monetary policy.
USDPLN
The block discusses rising import prices and inflationary pressures, which are directly linked to USD monetary policy.
USDSEK
The block discusses rising import prices and inflationary pressures, which are directly linked to USD monetary policy.
INFO
MARKET MEDIA2026-07-17
OPEN SOURCECHANNELSchwab Network
Dichotomy in AI Momentum & Fundamentals as Tech Trade Develops
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Dichotomy in AI Momentum & Fundamentals as Tech Trade Develops
Amber Fairbanks notes that a rotation into a focus on valuation and fundamentals is beneficial for the market and active managers.
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- Amber Fairbanks notes that a rotation into a focus on valuation and fundamentals is beneficial for the market and active managers.
- Kevel Desai compares the current phase of AI development to a hydration break in a game, suggesting that we are just at the beginning of a significant evolution in AI.
- Desai argues that AI is fundamentally reimagining society, moving us towards a modern renaissance by freeing individuals from specialized labor roles.
- Fairbanks emphasizes the importance of focusing on AI fundamentals, such as revenue growth and cash flow conversions, rather than solely on momentum.
- She warns that while some stocks may appear cheap from a PE perspective, they could be experiencing an earnings bubble, necessitating careful timing in trading.
- Our interpretation: The current market dynamics suggest that while AI stocks may show strong growth potential, investors should be cautious of inflated earnings expectations that could lead to volatility.
INSTRUMENTS
NVDA
Nvidia is a key player in the AI sector, which is discussed in the context of market dynamics.
AAPL
Apple is often associated with AI advancements and technology trends.
GOOGL
Google's AI initiatives are central to the tech landscape discussed.
MSFT
Microsoft's involvement in AI is significant and relevant to the discussion.
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- Self-driving technology in San Francisco has led to a 90% reduction in fatalities and serious accidents, illustrating the societal benefits of adopting new technologies.
- Amber highlights a disconnect in the market, where hyperscaler capital expenditures are significantly outpacing profits, raising concerns about the return on investment for AI-related spending.
- If companies fail to achieve the necessary return on investment to justify their capital expenditures on AI, a pullback in spending could negatively affect market stability.
- The discussion points out that while wealthier individuals may see benefits from AI advancements through their stock portfolios, the broader public may not experience the same advantages, indicating a disparity in the impact of AI.
- Our interpretation: The current divergence between hyperscaler capital expenditures and profits suggests potential market stress, particularly if the anticipated returns on AI investments do not materialize, which could lead to a reassessment of spending and impact overall market dynamics.
INSTRUMENTS
MSFT
Microsoft is a key player in AI investments and was discussed in relation to capital expenditures.
NVDA
Nvidia's role in AI technology and capital spending was implied in the discussion.
GOOGL
Google's involvement in AI was part of the broader discussion on tech companies and capital expenditures.
AUDUSD
The discussion on capital expenditures and profits relates to broader market dynamics that can affect the USD.
EURUSD
The discussion on capital expenditures and profits relates to broader market dynamics that can affect the USD.
GBPUSD
The discussion on capital expenditures and profits relates to broader market dynamics that can affect the USD.
NZDUSD
The discussion on capital expenditures and profits relates to broader market dynamics that can affect the USD.
USDCAD
The discussion on capital expenditures and profits relates to broader market dynamics that can affect the USD.
USDCHF
The discussion on capital expenditures and profits relates to broader market dynamics that can affect the USD.
USDDKK
The discussion on capital expenditures and profits relates to broader market dynamics that can affect the USD.
USDJPY
The discussion on capital expenditures and profits relates to broader market dynamics that can affect the USD.
USDNOK
The discussion on capital expenditures and profits relates to broader market dynamics that can affect the USD.
INFO
MARKET MEDIA2026-07-17
OPEN SOURCECHANNELSchwab Network
Bull v. Bear: MU Demand & Earnings Strong, Outlook Risks Remain
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Bull v. Bear: MU Demand & Earnings Strong, Outlook Risks Remain
Micron's stock has rebounded after a sharp sell-off, leaving it down approximately 30% from its late June highs.
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- Micron's stock has rebounded after a sharp sell-off, leaving it down approximately 30% from its late June highs.
- The recent weakness in Micron's stock reflects a broader pullback among AI-linked memory chip makers as investors take profits.
- Despite volatility, Wall Street anticipates strong earnings growth for Micron over the next several years, driven by rising memory prices and robust AI demand.
- Kevin Hincks emphasizes Micron's heavy reliance on the AI buildout, which introduces risks related to capacity fluctuations and potential innovation challenges.
- Tom White raises concerns about competition from Chinese memory chip manufacturers, which could offer cheaper alternatives for companies.
- The stock has experienced significant volatility, down 30% from its all-time highs but still up 210% year-to-date.
- Our interpretation: The volatility in Micron's stock, influenced by AI demand and competitive pressures, highlights the risks associated with capacity management and innovation, which could lead to substantial price fluctuations.
INSTRUMENTS
MU
Micron is directly discussed in terms of its stock performance and market outlook.
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- A one-week bullish call calendar is proposed, costing approximately $18.50, reflecting the wide bid-ask spreads on options.
- The trade's risk profile indicates a potential profitability range between $860 on the downside and $1,060 on the upside.
- The July 24th weekly options sold at the 950 strike are approximately $70 out of the money, with an extrinsic option premium of $24.
- An alternative strategy involves a short neutral to bearish call vertical, selling the 950 call and buying the 970 call, with a potential credit of $550.
INFO
MARKET MEDIA2026-07-17
OPEN SOURCECHANNELSchwab Network
Jeff Weniger Outlines 2H26 Expectations for "Raging Bull Market"
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Jeff Weniger Outlines 2H26 Expectations for "Raging Bull Market"
Jeff Weniger forecasts earnings growth to reach 20% by 2027, indicating a strong bullish outlook for the market.
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- Jeff Weniger forecasts earnings growth to reach 20% by 2027, indicating a strong bullish outlook for the market.
- Weniger notes that the current bull market, which began in October 2022, has shown resilience against drawdowns, suggesting a robust market environment.
- He emphasizes that there are no significant barriers to earnings growth in the next six to seven quarters, with the Federal Reserve unlikely to raise interest rates significantly.
- Weniger suggests that the Federal Reserve may adopt a more dovish stance than anticipated, which could support small-cap stocks in the second half of the year.
- He discusses the potential impact of international pension funds shifting investments towards domestic equities, which could influence market dynamics.
- Our interpretation: The combination of strong earnings growth expectations and a dovish Federal Reserve stance may lead to a favorable environment for equities, particularly small caps, while also influencing the USD liquidity channel as interest rates remain stable.
INSTRUMENTS
SP500
The bullish outlook for earnings growth supports a positive market environment.
AUDUSD
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
EURUSD
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
GBPUSD
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
NZDUSD
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
USDCAD
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
USDCHF
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
USDDKK
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
USDJPY
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
USDNOK
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
USDPLN
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
USDSEK
The Federal Reserve's potential dovish stance is discussed, impacting USD expectations.
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- Jeff Weniger underscores a positive outlook for Japanese equities, attributing potential growth to the ongoing 'pension wars' which may drive increased domestic investment in local stocks.
- Weniger points out that Wisdom Tree has been promoting Japanese equities for several years, suggesting that many investors have overlooked this investment opportunity.
- He highlights the thematic relevance of the 'pension wars' concept, indicating it could lead to further growth in Japanese markets.
- Our interpretation: The focus on 'pension wars' may signal a shift in Japanese equity valuations, with potential implications for the JPY and domestic investment flows, particularly if pension funds increase their allocations amid favorable market conditions.
INSTRUMENTS
NIKKEI225
The positive outlook for Japanese equities suggests a broader impact on the Nikkei 225 index.
AUDJPY
The discussion on Japanese equities and domestic investment suggests a macroeconomic impact on the JPY.
EURJPY
The discussion on Japanese equities and domestic investment suggests a macroeconomic impact on the JPY.
GBPJPY
The discussion on Japanese equities and domestic investment suggests a macroeconomic impact on the JPY.
USDJPY
The discussion on Japanese equities and domestic investment suggests a macroeconomic impact on the JPY.
INFO
MARKET MEDIA2026-07-16
OPEN SOURCECHANNELSchwab Network
Sopko: TSM Earnings "Promising" for AI Trade, Question Lies in Energy & Supply
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Sopko: TSM Earnings "Promising" for AI Trade, Question Lies in Energy & Supply
Stephen Sopko describes TSMC's earnings report as 'incredibly solid', highlighting that two-thirds of their revenue comes from leading-edge AI chips.
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- Stephen Sopko describes TSMC's earnings report as 'incredibly solid', highlighting that two-thirds of their revenue comes from leading-edge AI chips.
- TSMC's N2 production node is online and generating revenue, indicating strong demand signals in the semiconductor market.
- Sopko emphasizes the importance of execution in the semiconductor industry, pointing out that companies like TSMC have been executing well for years.
- He raises concerns about supply risks, particularly regarding power, which he identifies as a primary factor affecting the AI buildout.
- Sopko mentions geopolitical tensions and environmental impacts, specifically referencing a moratorium on data centers in New York State due to energy and water concerns.
- The semiconductor ecosystem requires a tight network of suppliers and skilled labor, which is currently lacking in new U.S. locations like Arizona.
- Our interpretation: The interplay of strong demand for AI chips and supply risks, particularly in energy, may lead to increased scrutiny of semiconductor investments and potential shifts in capital allocation.
INSTRUMENTS
AMD
AMD is mentioned in the context of the semiconductor industry.
ASML
ASML is part of the semiconductor ecosystem discussed in relation to TSMC.
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- TSMC's announcement of a $60 billion increase in capital spending signals robust demand for its semiconductor products, particularly at advanced nodes.
- Management indicates that semiconductor demand is expected to remain strong, especially for leading-edge technology, without any signs of decline.
- The importance of packaging in the semiconductor business model is underscored, with current capacity fully allocated, impacting the ability to deliver finished products.
- Companies are exploring alternative suppliers to TSMC due to existing capacity constraints, reflecting a strategic move to diversify and mitigate supply chain risks.
- As firms advance towards leading-edge technology, the number of credible semiconductor suppliers diminishes, complicating efforts to diversify supply sources.
- Our interpretation: The strong demand for semiconductors, coupled with capacity constraints and the need for diversified supply chains, may lead to increased pricing pressures in the semiconductor market, influencing broader technology sector valuations.
INSTRUMENTS
AMD
AMD is part of the broader semiconductor ecosystem discussed in relation to TSMC.
INFO
MARKET MEDIA2026-07-16
OPEN SOURCECHANNELSchwab Network
Thursday's Final Takeaways: Mixed Ecodata in Jobless Claims & Pending Home Sales
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Thursday's Final Takeaways: Mixed Ecodata in Jobless Claims & Pending Home Sales
Pending home sales in the US fell 5.4% month over month, significantly worse than the expected 0.5% decline, indicating pressure from high prices and mortgage rates on the housing market.
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- Pending home sales in the US fell 5.4% month over month, significantly worse than the expected 0.5% decline, indicating pressure from high prices and mortgage rates on the housing market.
- The year-on-year figure for pending home sales now stands at 2.3%, marking the largest decline since December and the second largest since April 2024.
- Initial jobless claims dropped by 8,000 to 208,000, suggesting a resilient labor market that could support the housing sector.
- The mixed economic data may allow the Federal Reserve to maintain its current interest rate stance, especially following recent cooler inflation data.
- Our interpretation: The decline in pending home sales alongside stable jobless claims suggests a potential divergence in economic strength, which could lead to a reassessment of interest rate policies by the Federal Reserve.
INSTRUMENTS
NFLX
Netflix is mentioned in the context of earnings reports, indicating its relevance to the discussion.
AUDUSD
The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
EURUSD
The economic indicators discussed can also impact the EUR/USD exchange rate indirectly. Also: The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
GBPUSD
The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
NZDUSD
The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
USDCAD
The discussion of US economic data can influence USD and CAD through interest rate expectations. Also: The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
USDCHF
The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
USDDKK
The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
USDJPY
The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
USDNOK
The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
USDPLN
The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
USDSEK
The block discusses jobless claims and Fed interest rate policy, which directly relates to USD.
INFO
MARKET MEDIA2026-07-16
OPEN SOURCECHANNELSchwab Network
EARNINGS ALERT: NFLX
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EARNINGS ALERT: NFLX
Netflix's revenue fell short of expectations, while earnings per share (EPS) exceeded forecasts.
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- Netflix's revenue fell short of expectations, while earnings per share (EPS) exceeded forecasts.
- Despite the revenue miss, Jeff noted that the market's reaction has been less negative than expected, suggesting some resilience in investor sentiment.
- Concerns about engagement and potential churn due to price increases were raised, although the guest mentioned that these increases provided a slight benefit this quarter.
- The competitive landscape for Netflix has broadened, now including platforms like YouTube alongside traditional competitors such as Disney and HBO.
- Jeff highlighted that Netflix's stock has declined over 30% in the past three months and 45% since its peak in June of the previous year, resulting in a loss of $260 billion in market value.
- Netflix is transitioning into a phase of normalized growth, shifting focus from subscriber counts to exploring future growth opportunities, particularly in advertising revenue and premium content sales.
- Our interpretation: The challenges Netflix faces, including heightened competition and the necessity for sustained engagement, may prompt a shift in investor focus towards revenue generation per subscriber, potentially affecting its market position and stock valuation in the evolving streaming landscape.
INSTRUMENTS
NFLX
The block discusses Netflix's earnings and market performance directly.
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- Netflix is executing well, but investor sentiment is cautious regarding its slow growth, reflected in a nearly 6% decline in trading.
- The upcoming earnings call is anticipated to address revenue and earnings beats, as well as operating margins exceeding expectations.
- On advertising growth and its acceleration, alongside concerns about engagement and potential churn following recent price increases.
- Despite implementing price increases, Netflix has not significantly harmed its customer base, although investor attention is increasingly on engagement metrics.
- Our interpretation: The challenges Netflix faces, including heightened competition and the necessity for sustained engagement, may prompt a shift in investor focus towards revenue generation per subscriber, potentially affecting its market position and stock valuation in the evolving streaming landscape.
INSTRUMENTS
NFLX
The block discusses Netflix's earnings and investor sentiment directly.
INFO
MARKET MEDIA2026-07-16
OPEN SOURCECHANNELSchwab Network
Ways Options Drive Nasdaq Moves, Risks in Leverage ETFs & Pricing in Tech Volatility
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Ways Options Drive Nasdaq Moves, Risks in Leverage ETFs & Pricing in Tech Volatility
Kevin Davitt notes that the options market is currently pricing in significant volatility for single stocks like Nvidia and Micron, while index volatility remains relatively stable.
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- Kevin Davitt notes that the options market is currently pricing in significant volatility for single stocks like Nvidia and Micron, while index volatility remains relatively stable.
- The South Korean ban on single stock leverage ETFs raises concerns about potential risks and similar actions in the US market.
- Davitt emphasizes the importance of understanding the construction and purpose of leveraged ETFs, as they can exacerbate volatility due to their systematic daily rebalancing.
- On days when the reference asset is lower, leveraged ETFs must sell, which can mechanically increase market volatility.
- The options market is indicating expectations of continued elevated levels of dispersion among stocks as Q2 earnings approach.
- Our interpretation: The systematic rebalancing of leveraged ETFs, particularly in response to market movements, may lead to increased volatility and risk in the broader market, especially as earnings reports are released.
INSTRUMENTS
MU
Micron is mentioned as a key stock driving volatility in the options market.
NVDA
Nvidia is directly discussed in relation to options activity and volatility.
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- Index volatility remains relatively muted while single-name volatility is elevated, indicating a divergence in market behavior.
- Kevin highlights that the options market is currently pricing in expectations for continued elevated volatility in the Nasdaq-100 (NDX) relative to the S&P 500.
- The risk of a highly correlated sell-off similar to what occurred after the June options expiration is not currently priced into the market.
- Rapid rotation among sectors, particularly between hardware and software, is evident, especially among the 'elite eight' tech stocks.
- Sophisticated end users are utilizing short-dated options to manage exposure amid ongoing volatility in the tech sector.
- Our interpretation: Heightened single-name volatility, particularly in tech stocks, could lead to significant price swings in the Nasdaq-100 as earnings season approaches, prompting investors to reassess their exposure to leveraged ETFs and options strategies.
INSTRUMENTS
MU
Micron is mentioned as part of the tech sector experiencing volatility.
NVDA
Nvidia is highlighted as a key player in the options activity affecting the index.
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