I just posted a Jennifer Garner bird watcher picture from People. I did so because it has about as much to do with this selloff as Tesla's fundamentals or Google's alleged weakness.. It's just as FATUOUS! It's all the anti-AI rap and the desire to get out of what has been working

Last words: Selloff has a mind of its own. Out of Mega anything and AI and into lousy small caps that aren't worth nearly as much as we are going to take them to. Bogus self-fulfilling narrative!! Bird Models!!!

Here's how Best Buy is trying to convince customers to replace pandemic-era devices, buy into AI cnbc.com/2024/07/23/bes…

Of course!

GE Vernova power grid metrics are going to be huge for the next years... I like the q because of nat gas. Beware of Nantucket hearing tonight about their wind blades

This chart is a major reason why you want to be long Tesla for the long haul. People need to listen to last night's great call!!

Visa's q got weaker toward its end. They had good excuses but this market doesn't want excuses. Of course China was not so hot. China is crushing the quarters of many a good company. Listen to Danaher to know how to handle the disappointment

Visa'a APAC growing less than .5; that means Mainland China must be hurting really bad because the rest of APAC sounds good !!!

Let it rain.. Too early to make a stand and nothing to base it on.

Talking about Elon Musk tonight. 6p ET on CNBC.

Oscillator still too high, darn it!!!

US Small Caps are up 7% over the last 10 trading days while US Large Caps are down 4%. The 11% spread is the largest 10-day Small Cap outperformance ever. $IWM $SPY Chart of the Day: bilello.blog/2024/the-great…

Buyers' strikes of all kinds out there: against Stellantis. Nestles--they are all rolling back prices. What's left? Homes and entertainment have not come back down yet....

It took a very long time but menu price inflation and supermarket price increases are OVER. People learned to shop Costco and Walmart and TJX this year and the big branded companies had to adjust or lose those customers forever. Only Texas Roadhouse and Brinker got this right.

We are still overbought and we are not buying anything yet... Too fraught... Club members know we have been staying away from the buyside for quite a bit. Too early; still too high!

Sellers are back in AI. People last night faked out in the futures. They don't realize there can be no real bounce until we are oversold, Scalpers only. AI

I will ask ServiceNow if AI is worth it for the clients and for them now that everyone has written it off. This morning on Squawk On the Street

i am a poor pathetic mega cap tech stock; please stop selling me short

I use AI; help!!

Memo to corporate America: you screw up We ain’t Got Nothing For You