August ends on the high side - (like July) and then gets knocked down hard (like August) and then Rips higher on Monday (like August)

Rate cut bets are in place

Market very skittish - September not the best month on average

VIX hits 25 last week

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Warm Up

- Another Rough Start to the month

- Apple Event - market was

- Last episode - ETF and Funds Education - lots of great comments on that!

- DEBATE TIME - right in the middle of our show! Someone needs to look at our schedule

Market Update

- August ends on the high side - (like July) and then gets knocked down hard (like August) and then Rips higher on Monday (like August)

- Rate cut bets are in place

- Market very skittish - September not the best month on average

- VIX hits 25 last week

- Yen Carry trade issue not fully resolved

- YIELD CURVE UPDATE

Big News

- Yield curve normalizes for 2/10's

- Yield curve is not normal - this is what happened  in 2001 and 2008

Apple Event

- Apple introduces Apple Watch Series X with a new design.

- Largest most advanced display ever with 30% more screen area.

- The display is larger than the Apple Watch Ultra.

- Display will be 40% brighter.

- Watch will be 10% thinner than Apple Watch 9.

- Background noise will be surprised on phone calls.

- Smart Stack will add widgets whenever you need them.

- Adding translate application.

-Apple Watch can track menstrual cycles.

- Apple Watch can alert users to sleep apnea.

- Starts at $399.

- A few incremental updates otherwise and talk of AI to come - one day someday

More Apple

- Europe's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland.

- The Commission in 2016 ordered Dublin to recover up to 13 billion euros ($14.4 billion) in back taxes from Apple, at the time saying that the tech company had received "illegal" tax benefits from Ireland over the course of two decades.

- So is this final this time?

- How is this possible anyway - Ireland granted tax benefits for the purpose of benefiting jobs etc....

Apple Competition

- Huawei's tri-fold phone receives over 4 mln pre-orders ($2,800 per)

- Have you seen this?

- VERY COOL device

Palantir

-  Palantir Technologies hits best levels since early 2021 following inclusion in S&P 500

- +15% on the  news

Dell

- Dell also is added to the S&P 500

- Etsy and American Airlines out

Tech - Oracle Earnings

- Oracle beats on some metrics and has some great outlook

- Missed on EPS

- Partnering with Amazon

- The company said Oracle Database is thriving, and the multi-cloud agreements it has with Microsoft, Google, and now AWS make it easier for its customers to run their Oracle Databases in the cloud.

- Stock at ATH

NVDA

- WORST DAY EVER for a stock

- Slide last week took at $300 BILLION on market value in one day.

- New DOJ probe in anti-trust case

- The agency is asking questions about whether Nvidia makes it harder to switch to other suppliers of AI chips.

- Nvidia has over 80% of the market for data center AI chips, according to industry estimates.

Best Buy

- People are buying...

- Raising full year guidance

- Comparable sales declined 2.3% during the quarter, compared with a 6.2% decline a year earlier.

--- It is all about  the expectations...

Glasses - Again?

- Qualcomm CEO Cristiano Amon told CNBC the chip designer is working with Samsung and Google to explore a mixed-reality set of glasses linked to a smartphone

- Last year, Google, Samsung and Qualcomm struck a partnership to develop mixed-reality technology.

- This is supposed to be a smaller version of what is out the...