Oracle Stock (ORCL)

One last thing before I bid you all adieu and get ready to lock in for the Oracle ($ORCL) and Adobe ($ADBE) earnings calls. Here’s a snapshot of what the market expects for tomorrow’s August CPI report: The headline CPI figure is expected to come in at 3.4% on a year-over-year basis, matching the July …

After today’s market close, Adobe ($ADBE) and Oracle ($ORCL) report their quarterly results. For Adobe, which is expected to deliver EPS of $6.09 on $6.7 billion in revenue, it will be the first earnings since it announced Anil Chakravarthy will succeed Santanu Narayen as CEO December 1. Now to see if outgoing CEO Narayen delivers …

This chart is pretty good on tokens: https://openrouter.ai/rankings?view=month A few observations: * Looking at the chart, token UNITS interestingly seem to be really flattening overall. * Re chart later in this note, token pricing is cratering. In part because unit growth is slowing, in part because the current pricing is dis-economic for customers, and in part …

* And fading it… I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors. I am long some of the most non-consensus sectors. Consensus Longs: * Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different …

Monday's market advance had some conspicuous and worrisome divergences: * Market breadth was poor and leadership continued to narrow (even more noticeably than in the past few days): * The VIX strengthened to 18.38 (+1.19). * Financials were noticeably weak. Homebuilders, restaurants (Shake ...