Stock Market Live: OpenAI Meltdown Triggers Selloff
In a Nutshell
NASDAQ drops 1.3-1.34% amid OpenAI missing user/revenue targets, sparking AI stock selloff (Nvidia -3%, AMD -4.4%, Oklo -7-8%) after a 20% rally in 20 days, signaling overvaluation and uncertainty in massive AI investments. Markets are overbought on 4-hour charts, influenced by Trump's manipulative tweets on Iran/oil (pushing prices toward $100/barrel and inflation risks), with FOMC expected to pause rates (98.9% odds) tomorrow alongside big tech earnings. Speaker closed small short positions for $2,500 profit, avoiding overnight holds due to irrational sentiment, false war-end hype, and upcoming catalysts that could spark a buy-up if earnings exceed expectations.
These notes were generated by AI and may contain inaccuracies.
NASDAQ market trading lower due to uncertainty with OpenAI. Tomorrow is FOMC rate decision and press conference; live streaming it for free—drop thumbs up and subscribe.
NASDAQ down 1.34%. QQQ showing early support. Played safe with small position size after tiring of markets selling off then recovering quickly on Friday and yesterday, ending flat. Sized down when testing pre-market highs, made $2,500, closed trade.
Markets overbought on 4-hour timeframe; doesn't make sense to go long or carry short overnight with irrational markets, upcoming big tech earnings starting tomorrow, FOMC, and Trump's tweets.
President Trump tweets Iran in state of collapse, wants Strait of Hormuz opened soon. Sheds light on potential peace deal, but how many times (six, seven, eight weeks?) celebrating end of Iran war without it ending? Pushes markets higher illogically.
Anytime oil breaks above $100/barrel, Trump tweets to manipulate market. One minute before open, sent tweet when markets lower—cares about oil due to consumer impact on inflation; higher inflation means Fed less likely to cut rates.
Tomorrow: 98.9% probability Fed pauses; 1.1% expectation for rate cut. Trump wants cuts but won't get if inflation rises; oil contributes.
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