Chinese stocks are approaching bear territory, with the Hong Kong market at its lows for the year as Telsa's CEO gets the star treatment in Beijing and Shanghai.
Plus, HP expects to have PCs with a built in AI program available by 2024.
I'm focused on a pattern that has repeated all year long.
These big-cap names are not acting as leadership that is helping the rest of the market, although they effectively control the indexes that drive sentiment.
Are investors climbing a wall or worry or are they too wild about AI tech stocks? Let's answer that question, look at breadth, panic and more.
The biggest problem now is that the big-cap names are not acting as leaders.
Don't confuse a stock revival masquerading as a living, breathing business revival.
Let's not ignore the strength in AAPL.
The charts show where SKX's prices would be the perfect fit.
Let's check under the hood.