BLUE WAVE FEELS MORE LIKE A GREEN WAVE NASDAQ AND S&P 500 UP 1.5% 🟢 simply put, the market is remembering there is more to the economy than just semis and amazing companies like $UBER $GOOGL $AMZN are getting some love not sure if the bottleneck trade is done or not, but something that most people refused to acknowledge is that it is a trade, not an investment many of these companies benefit from supply/demand imbalances which is why their earnings were so strong, plenty of other companies benefit regardless of the price of DRAM and the market is easily deciding to rotate into them i think the selloff on the semis is a bit aggressive, but one thing is clear: the market should be comfortable buying companies that have sustainable growth and aren’t reliant on every nut and bolt of a GPU. there are many of those companies, and they are the ones that will win regardless of party.

Blue Owl Capital reported a larger uptick in fees than analysts expected in the third quarter, though the private credit firm’s inflows were weighed down by investors seeking to redeem holdings in certain funds.