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   atomicpoet (atomicpoet@atomicpoet.org)'s status on Friday, 02-Aug-2024 06:03:49 JST atomicpoet

   What a wild day on the stock market!

   Based on Meta and Qualcomm earnings, I thought the market would go up.

   But then there was news that Elizabeth Warren is pushing the DOJ to investigate Nvidia for antitrust violations.

   On top of that, data shows that American unemployment is rising. Which means that the likelihood of a Fed rate decrease happening is increasingly likely.

   Therefore, this has fueled a rush into the bond market before rates drop.

   As for what’s going to happen tomorrow?

   It’s hard for me to know. Apple just released their earnings, and they did better than expected – even though iPhone sales are falling in China.

   But now Intel announced terrible results. Because of this, they’re laying of 15% of their workforce. To top it off, they’re suspending their dividend too.

   Wait! There’s more! Though Amazon beat expectations, they announced a weak sales outlook – so that’s not going so well for them.

   To top it all off, Cloudflare had a great quarter, raised their forecast, and they’re looking hot.

   I don’t know what will happen tomorrow. This week has been a rollercoaster.