Alphabet Doing the Heavy Lifting Today, Shares +9% on Favorable Ruling.
Subscriber Data for Sep3 2025
So Google won a favorable ruling awarded by US District Judge Mehta, who ruled against the severe consequences imposed by the DOJ, this included the forced sale of the Chrome browser or a contingent divestiture of the Android operating system. Google will be required to share its search data with rivals. Google will also not be barred from paying Apple billions of dollars every year to be the default search engine on iPhones.
Google is +$17.57 or 8.23% on the week, seems a bit overzealous here buying into this euphoria:
Ok let’s take a look at some other charts that have piqued our interest, lets look at the Dax Index to say 23500 is critical is an understatement:
Looking at the Nasdaq futures we can see the nice bounce off the weekly support, but we all know NFP looms in 2 days time:
The SP500 vs Nasdaq futures continues to point to a risk off, divestiture out of the tech heavy Nasdaq:
Crude Oil has not been able to overtake the $66 level and that is the level the bulls would need to overtake, for now bears seem to still be in control:
We continue to see the main stream media argue about the FOMC rate cuts and how preposterous it is, because of inflation. Many continue to say the bond yields are not agreeing with the rate cut sentiment and their particular focus is the 30Y bond. Well you guys know we can’t look at the long end when it comes to quantifying FOMC action potential. Rather we look at yield curves and what the slope of the curve indicates. You guys have seen this before, but take a look again at the current slope of the yield curve vs its prior yield high and low slopes:
When you look at the bond market from this perspective, you can see why we believe the bond market intends for the FOMC to cut 50bp at the September meeting.
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