after what we saw yesterday and now this morning following Cororeweave's earnings. Again, we just mentioned uh Megga Cap Tech uh MAX7 I should say, adding over $500 billion in market cap and this morning under pressure once again following Coree. Are you starting to get concerned about some of the volatility in the tech trade.>> I I think it's actually been pretty volatile for a while. Um I I made a call uh at the end of last year saying that a VIX which is like volatility of volatility uh would be elevated ...

All right. So, just yesterday we seem to get uh a renewed confidence in the AI trade. So many of those names moving higher this morning after coreweave earnings and this news that Soft Bank is selling out of its Nvidia share.A lot of questions it seems when it comes to investors. A lot of the names that move higher yesterday moving lower now. This volatility when it comes to the AI trade.Do you think it's sustainable. >> Well, I think there given the valuations, given the kind of numbers that we're looking ...

Market Overview - The S&P BSE Sensex fell 0.31% to 83,277.03, down 258 points, while the NSE Nifty 50 dropped 0.32% to 25,492.15 at the open [1][15] - By 10:40 AM, Sensex traded 388 points or 0.46% lower at 83,148, and Nifty50 fell 114 points or 0.46% to 25,457 [1][15] - In the broader market, the Nifty Midcap 100 slipped 0.3%, while the Nifty Smallcap 100 eased 0.2% [2][15] Sector Performance - Sectoral trends were largely negative, with all major indices in the red except Nifty Auto and Nifty IT, which edged higher by 0.3% and 0.4%, respectively [2][15] - Financial stocks led the declines, with Bajaj Finance, Tata Motors Passenger Vehicles, and Tata Steel among the top laggards, sliding between 1% and 7% [15] AI Trade Insights - The AI trade, which was weak last week, bounced back with a 2.2% gain in Nasdaq [5][15] - Current valuations of AI stocks range from 28 to 51, compared to Nasdaq's PE of 32, indicating that there is no bubble yet in AI stocks [6][15] - Concerns exist that returns from AI stocks may take longer than expected, and as long as this trade persists, foreign institutional investors (FIIs), particularly hedge funds, may continue to sell in India, weighing on Indian markets [6][15] Investment Strategy - Investors are advised to prioritize valuations and safety, as Indian retail investors are investing in IPOs priced at 230 times earnings, which is considered dangerous [7][15] - Nvidia, the most valuable company in the world, is trading at 51 times earnings, highlighting the disparity in valuations [7][15] Global Market Trends - Asian stocks climbed, with gold surging nearly 3% to trade above $4,100, and the Nasdaq jumping 2.3% [8][15] - The rally followed the U.S. Senate's passage of a funding deal to end the government shutdown, improving risk appetite [8][15] - Oil prices slipped, with Brent crude futures easing 0.2% to $63.93 a barrel, amid renewed worries over excess supply [10][15] Currency Movements - The Indian rupee opened nearly flat at 88.7075 per U.S. dollar, supported by positive remarks from President Trump regarding a potential trade deal [11][15] - The dollar index edged up to 99.66, while most Asian currencies weakened as traders monitored the U.S. federal shutdown situation [11][15]

Let's welcome in now CNBC contributor Bunstratz Tom Lee. It's good to have you. Welcome back.>> Yeah, thanks Scott. Good to see you. >> So, so the market obviously assumes that this is all going to happen.The government's going to reopen and we're just going to get back on our merry way in in the stock market. That's certainly what the trade says today. Am I right.Uh yeah, I think there's a certain measure of relief because the shutdown robbed us of visibility on the macro data and of course there's economi ...

Market Overview - The S&P BSE Sensex increased by 0.19% to 83,376.62, gaining 160 points, while the NSE Nifty 50 rose by 0.21% to 25,545.45, adding 53 points at the open [1] - By 9:38 AM, the Sensex was up 253 points or 0.31% at 83,470, and the Nifty50 rose by 81 points or 0.33% to 25,573 [1] Sector Performance - On the Sensex, Asian Paints, Tata Motors Passenger Vehicles, and Bharat Electronics led the gains, with increases between 1.5% and 2% [1] - Broader markets also showed strength, with midcaps and smallcaps up by 0.3% each [2] Institutional Investment - Foreign Institutional Investors (FIIs) purchased equities worth over Rs 4,581 crore on November 7, while Domestic Institutional Investors (DIIs) were net buyers of Rs 6,675 crore [10] Global Market Trends - Global equities advanced as optimism grew regarding a potential end to the U.S. government shutdown, with Nasdaq futures climbing 1.1% and S&P 500 futures gaining 0.65% [11] - European markets were set for a strong open, with EUROSTOXX 50 and DAX futures up nearly 1.4% each, and FTSE futures advancing 0.8% [12] Oil Market - Oil prices increased, supported by optimism that an end to the U.S. government shutdown could boost demand, with Brent crude futures gaining 47 cents to $64.10 per barrel and U.S. West Texas Intermediate climbing 50 cents to $60.25 [13] Currency Exchange - The Indian rupee opened steady at 88.65 against the U.S. dollar, with a softer dollar and expectations of central bank support stabilizing sentiment [14]

Core Insights - Constellation Energy Corporation (CEG) has experienced a significant decline after reaching an all-time high above $410 just last month, indicating a cooling off in the AI trade [1] Company Performance - The stock of Constellation Energy Corporation has fallen sharply from its recent peak, reflecting broader market trends and investor sentiment [1] Market Context - The decline in CEG's stock price is part of a larger trend where enthusiasm for AI-related investments has diminished, suggesting a potential shift in market dynamics [1]

Market Momentum Shift - Investors are moving away from AI investments due to valuation concerns, with healthcare emerging as the best-performing sector, typically viewed as defensive [1] - The cyclical recovery, supported by monetary and fiscal stimulus, is leading to earnings growth in cyclical sectors, making them more attractive compared to AI and cloud sectors [2] Currency and Asset Performance - The US dollar has increased over 3% since its low on September 17, while Bitcoin and gold have seen declines after peaking on October 6 and October 20 respectively [3] - The strength of the dollar is considered temporary, with ongoing pressures expected to weaken it in the future [4][5] Economic Outlook - Despite recent dollar strength, it remains down approximately 9% year-to-date, with structural factors suggesting continued pressure on the dollar [7] - The cyclical recovery is anticipated to continue, with expectations of further interest rate reductions, which could support earnings growth in sectors outside of technology [10][11] Investment Strategy - A selective approach to buying the dip is recommended, focusing on sectors such as financials, healthcare, and energy that are expected to benefit from the cyclical recovery and a weakening dollar [9][12]

BMD trading lower along with most of the semicmplex. And more broadly here, it has been a pattern that we've seen throughout this earnings season. Tech companies beating estimates, even raising their forecast, and the stock falls.We're seeing it again this morning with Qualcomm. So, let's dig into what that reflects about the AI trade and where investors should be positioned right now. Joining me, Ivana Dilvka, Spear Invest founder and CIO, and Sylvia Jablonsky, Defiance ETF's CEO and CIO.Ivana, I want to s ...

Core Viewpoint - The current stock market is struggling, with comparisons being made to the dot-com bubble era, indicating a significant downturn in market functionality [1] Group 1 - The AI sector is highlighted as one of the few remaining investment opportunities in the current market landscape [1] - The founder of Sungarden Investment Publishing emphasizes a non-traditional approach to income investing, focusing on humility and discipline [1] - The investment community is encouraged to listen to market signals to navigate the modern investment climate effectively [1]

Core Viewpoint - Michael Burry, the hedge fund manager known for "The Big Short," is predicting a peak in two popular stock market plays, indicating a potential shift in market sentiment [1] Group 1 - Burry's analysis suggests that the current market favorites may be overvalued, leading to a possible downturn [1] - The hedge fund manager's statements appear contradictory, as he simultaneously warns of a market peak while engaging with these stocks [1]