Post

Stocks trading fairly broadly lower across indices, but not severely (mostly 0.5% to 1% declines). Oil going back up again, and heating oil/diesel futures reversing their recent decline. Semis are down -2% amid concerns about memory, and the financing backstops provided by the big guns (NVDA/AVGO)

7/10/26, 2:05 pm0 reposts4 likes

Finnence · market intelligence

@finnence.bsky.social

The AVGO backstop angle is the tell: financing a customer's memory buildout isn't demand, it's vendor financing. We passed on AVGO — 60d trend still -2.1%, RS -6.4%, 21.8% below the 52w high. Momentum without trend confirmation.