Meta Platforms Stock (META)

See this tweet: But, more importantly, the subtweet under it: I think that is the leading indicator. Although I would modify the subtweet a bit. This also means the revenue growth is flattening. The spike we had that really kicked off this last rally was artificial. It was unsustainable tokenmaxxing (and apparently Anthropic also had a big 1x …

If I get self absorbed or overly confident, please make me aware of it in the Comments Section. Apropos, META ($META) shares are -$15 this morning: Positions: None.

META ($META) is saying that it is building its cloud business to sell excess AI compute. The Nasdaq and AMZN ($AMZN) are moving lower on the headline. Positions: Long AMZN VS; Short QQQ M

As I wrote yesterday, it is astonishing that the markets have, until recently, ignored the clear transformation from capital light to capital intensive occurring in most Mag 7 constituents. Hyperscalers (“check writers”) vs. Chips (“check receivers”): Remember the debates with some subscribers in the Comments Section in which my concerns were dismissed by glibly repeating AI responses to …

The sort of abysmal price action in $MSFT, $AMZN, $GOOGL and $META are EXACTLY the concerns I expressed in my market structure post. I worry that today’s weakness in the precursor of a market structure event not similar to past disruptions: The proliferation, popularity and acceptance of leverage products and portfolio concentration in quantitative strategies, …