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I shorted Applied Digital Corporation (APLD) a few days ago, since it is involved in the whole hyperscaling finance effort, and it’s doing well. This got even better today now that it has broken its nearly year-long uptrend. Onward and downward!
OK, I went ahead with it. I’ve bought Rivian (RIVN) with a stop-loss at $14.80. A rare long position, but one I’ve been waiting a while to execute.
I had stopped even checking, since they were taking so long and there were so many false starts, but at long, long last, we finally have a decision about the tariffs, and it’s not what tubby wanted to see.
There were a couple of major economic data points released this morning: the advance quarterly growth for the GDP as well as the Core PCE Price Index which, as required by statute, is stated by every media in the country to be “the Fed’s favorite inflation indicator.” So, yeah, let’s look at them both.
The GDP was expected to come in at 2.8%. Instead, it is HALF that value. I guess the tariffs continue to work their magic.
