Big tech is nursing a margin hangover, peace talks rotated us into small caps, and AMD is quietly stealing Intel's lunch right as we brace for Prime Day
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Morning brief: The dollar surged on a hawkish Fed, TSM is hiking prices just because it can, and we're watching Salesforce realize that AI bots don't actually pay for software seats
Dollar Surges on Hawkish Fed Shift: A stronger US dollar is reshaping capital flows after the Fed held rates and raised its inflation forecast. TSM Spikes 6.9% on H2 Price Hikes: Shares rallied on analyst upgrades citing unstoppable AI demand and planned 15% price increases for the second half. AMD Rallies 4.8% on Rackspace Deal: AMD jumped after securing a 30-megawatt AI deployment with Rackspace and buying memory startup MEXT to ease costs. Salesforce Sinks on AI Fears: CRM dropped as its $3.6B Fin buyout sparked fears that AI agents will cannibalize paid human software seats. PCE Data to Test Tech Multiples: With the Fed projecting hotter inflation, all eyes are on this week's PCE report to see if tech valuations hold.
Dollar Surges on Hawkish Fed Shift
A stronger US dollar is reshaping capital flows after the Fed held rates and raised its inflation forecast.
TSM Spikes 6.9% on H2 Price Hikes
Shares rallied on analyst upgrades citing unstoppable AI demand and planned 15% price increases for the second half.
AMD Rallies 4.8% on Rackspace Deal
AMD jumped after securing a 30-megawatt AI deployment with Rackspace and buying memory startup MEXT to ease costs.
Salesforce Sinks on AI Fears
CRM dropped as its $3.6B Fin buyout sparked fears that AI agents will cannibalize paid human software seats.
PCE Data to Test Tech Multiples
With the Fed projecting hotter inflation, all eyes are on this week's PCE report to see if tech valuations hold.
Posture: Neutral stance due to hawkish Fed and Fear sentiment (37). Building cash while targeting deep SaaS discounts and holding strong AI hardware.
Upcoming earnings
Evening brief: Big tech is nursing a margin hangover, peace talks rotated us into small caps, and AMD is quietly stealing Intel's lunch right as we brace for Prime Day
Tech Sells Off As Small Caps Soar: Megacap tech tanked the Nasdaq today, while peace talks in Iran sparked a major rotation into small caps. Broadcom Sinks On Margin Squeeze Fears: Shares dumped nearly five percent as investors panicked over upcoming gross margin compression and hyperscaler customer concentration. Amazon Hit By Euro Regulations And Capex: Europe slapped AWS with a gatekeeper label, compounding fears that heavy AI spending is crushing free cash flow. AMD Defies Tech Rout On Major Upgrades: Analysts upgraded AMD to $600 today, praising massive server CPU market share gains stolen directly from Intel. Watch Amazon Prime Day And PMI Data: Amazon Prime Day kicks off tomorrow, offering a huge retail catalyst just as traders brace for Flash PMI data.
Tech Sells Off As Small Caps Soar
Megacap tech tanked the Nasdaq today, while peace talks in Iran sparked a major rotation into small caps.
Broadcom Sinks On Margin Squeeze Fears
Shares dumped nearly five percent as investors panicked over upcoming gross margin compression and hyperscaler customer concentration.
Amazon Hit By Euro Regulations And Capex
Europe slapped AWS with a gatekeeper label, compounding fears that heavy AI spending is crushing free cash flow.
AMD Defies Tech Rout On Major Upgrades
Analysts upgraded AMD to $600 today, praising massive server CPU market share gains stolen directly from Intel.
Watch Amazon Prime Day And PMI Data
Amazon Prime Day kicks off tomorrow, offering a huge retail catalyst just as traders brace for Flash PMI data.
Posture: Neutral to Opportunistic. With fear at 35 and a shift out of mega-cap tech, we are selectively targeting small-caps and retail value names.
Tickers in focus: AMD, AMZN, IWM
Upcoming earnings
The day's moves on the ledger
No slate changes were logged this day.
← Sunday, June 21, 2026 · Tuesday, June 23, 2026 → · Archive