META call timeline

A META whale just bought $33.13K of $META at $106.92M MC 🐳

Last Sunday, I previewed caution on capex spenders & more optimism on their customers. This past wk, Mag7 (spenders) -5.8%, while Semi Index (customers) +1.2% with S&P -0.6%. This wk, we get earnings from four of the Mag7 for a more complete picture. Last week, WTI +8% and yields across the 2-30 yr curve increased by 9-15 bps, which was also a major issue for equity markets. De-escalation in Iran over the weekend should help both oil prices and yields during the start of this upcoming week. I continue to believe November 3rd mid-terms put a powerful impetus on the US administration to get oil

Awesome that @JensenHuang is now on X. Great commentary on Openweights. Interesting that $META & $MSFT (owns ~27% OpenAI) is in the list of logos but OpenAI, Anthropic & the two other big public cloud hyperscalers, $AMZN & $GOOGL are not. Seems like battle lines have been drawn.

Last wk, S&P/Nas/Mag7 were +1.2%/+1.7%/+4.0% despite oil +4% & bond ylds +7bps on Iran flare-up. 2 days remain during this seasonally favorable time from the last 3 trading days of June through first 9 days of July. Earning season starts w/ big banks on Tuesday. As I first posted about on June 28th and reiterated on July 5th, the seasonality is historically very favorable from the last three trading days of June through the first nine trading days of July during which the S&P/Nasdaq have advanced 1.6%/2.5% and been up 78% of the time since 1985. The S&P/Nasdaq is up 3.0%/3.6% during the first