Peter Corey

[Peter Corey @CoreyMacro]

@MasterPandaWu Equal legs up target was 7416 almost hit. Superb call.

[Peter Corey @CoreyMacro]

Curve in the Sand

Two massive support levels were tested mid day in the broad S&P 500 Index and in the highly speculative SOXL. Major pivots at 7235 cash S&P and 157.60 SOXL to keep in mind re: exposure management.

https://t.co/wIKeDVfGwP via @LinkedIn

[Peter Corey @CoreyMacro]

@ZacMannes Thanks! Spx basically equal legs down (7230) as well…

[Peter Corey @CoreyMacro]

NY Fed Summary of Consumer Expectations

Inflation expectations are stable out 3 and 5 years, but under the surface, leading indicators for inflation expectations are rising, and there is a deteriorating budget outlook.

https://t.co/CYC3AgWb87 via @LinkedIn

[Peter Corey @CoreyMacro]

@smartertrader KOSPI cut loss in half already

[Peter Corey @CoreyMacro]

@itsmichaelluu @smartertrader Tks Sam
Agree that those who talk about stretched mkt analogs to 1973 1999 and even 1929 don’t consider those mkts went another 5/10 pct higher. So spx 7770-8150 is more likely than not

[Michael | Hypermarkets @itsmichaelluu]

In Taipei, CEO $NVDA Jensen Huang says $MU is the biggest bottleneck in AI.

Elon Musk and $DELL agrees with him. Trump even said to buy $MU stock.

Here's 4 obvious plays to buy & hold:

1. $MU — Only US-listed HBM chip maker. AI servers need it to think.

Buy zone: $600–$650
Post-ATH pullback, earnings catalyst June 24.

2. $DRAM — One ETF, full memory supply chain exposure globally.

Buy zone: $40–$45 | Instant + SK Hynix + $MU basket at discount.

3. $WDC — Powers AI data center storage. Every server needs hard drives.

Buy zone: $380–$400 | 3x YTD run, now cooling off near key support.

4. $SNDK — Pure-play NAND. Datacenter revenue up 645% year-over-year.

Buy zone: $900–$1,000 | 25% below ATH, next earnings could rip.

♻️ RESHARE this post and write 1 comment, I'll DM you my exact call option for 1000% gain (buy and hold)

[Peter Corey @CoreyMacro]

Five and Dime

High inflation Items were prominent in Thursday's Trimmed Mean PCE Inflation rate

https://t.co/QhkGYXikvW via @LinkedIn

[Peter Corey @CoreyMacro]

Creep

Inflation expectations are starting to widen out from short-term to long-term, and there are signs of it becoming ingrained. The next step? Unanchored.

https://t.co/30bLFJzJZT via @LinkedIn

[Peter Corey @CoreyMacro]

Island Hopping

Confluence between massive TLT lows & gap support at 7335 SPX and proximity to NVDA eps. If TLT drops <20-year lows at 82, the island top in S&P expands lower, matching late March/early April island bottom Line in the sand

https://t.co/rIjLFn2rLZ via @LinkedIn

[Peter Corey @CoreyMacro]

Move Along

PPI is not fleeting, although equity action following the report seems to lean that way for now.

https://t.co/lON1Xtnf5Z via @LinkedIn

[Peter Corey @CoreyMacro]

Consumer Delinquency

echoes of Q4 2007/ Q1 2008

https://t.co/T9gAA9APet

[Peter Corey @CoreyMacro]

An Ugly Unicorn https://t.co/kQgJnCZgZr

Emini into 7440-7485 top range but little sign of weakness. Too many new lows at all time highs as High-Low Logic Index flashing a major warning. Only three previous examples. Could see another 5-10% rally. Don't fall asleep at the wheel

[Peter Corey @CoreyMacro]

Joe Five-Pack https://t.co/OlBwQz2yvI

Bottom half of the K is hurting: Part-Time Employment for Economic Reasons and Average Hourly Earnings for Nonsupervisory Employees is weak, and NFIB Jobs Report is in a downtrend. S&P future moves toward my upper 7440 target I am concerned

[Peter Corey @CoreyMacro]

@ZacMannes Topping indicator?

[Peter Corey @CoreyMacro]

There Were How Many New Lows Yesterday? https://t.co/fma78PKA1r

Broad indices at record highs but over 20 stocks in the S&P 500 made 52-week lows with 50 at new one-month lows. Perhaps a regime shift, but this type of market schizophrenia is normally reserved for bubble tops.

[Peter Corey @CoreyMacro]

Will Micron Change its Name to Macron? https://t.co/4FWn5raObx

Massive levels hit today at 660 in Micron and 7350 SPX/7375 emini. Small rejections from there, need more evidence, but keep these levels in mind. I am on lookout for rotations and trend changes.

[Peter Corey @CoreyMacro]

The Market Gala https://t.co/TdYOgIBGia
Key to stocks is fixed income. Pricing in 25% chance of a Dec hike. 2-yr yields on bear trend and > Fed Funds. Fed as always follow market--next move should be a hike. 10-yr b/e broke out: FOMC will note / push harder against easing bias.

[Peter Corey @CoreyMacro]

Investors Have a Weight Problem https://t.co/QYomZj35yS

Let's concentrate on concentration...

[Peter Corey @CoreyMacro]

Taking Inventory of Inventory https://t.co/daAYuOJPTB
The scale of the supply shock should not be easily dismissed by the equity market. Spare capacity has not been a shock absorber, inventories have been the cushion.
1/10 of global inventories are accessible. See last chart.