US equities continue to claw upward.
sp’60min
VIX’60min
Summary
We’re s/t cyclically high, and due cooling into Friday.
–
notable stock: SRPT
Getting smashed lower, as the FDA effectively said they need to conduct new studies, if they want to get their drug/s authorised.
–
notable weakness: UNH
Big target for Oct’…. $225
—
notable stock: TSLA
Intraday double floor of the $301s.
Momo due to turn negative at the Friday open.
—
notable semicon: AMD
With CEO Su saying the US needs to rapidly increase domestic manufacturing to keep up with the ‘AI arms race’.
time for a light lunch