WS #13466
July ISM Services PMI at 54.1 (below forecast) with employment contraction and prices paid jumping, indicating stagflationary pressures and reinforcing AI-led market concentration. Disney climbs on profit beat and free ad-supported streaming exploration; AMD falls on underwhelming forecast; SolarEdge sinks 22% on weak Q3 guidance. Musk highlights 200% annual memory demand growth vs 20% supply; NVDA reclaims all anchored VWAPs; Broadcom breaks out on strong AI fundamentals.
Stagflationary ISM Services data
July ISM Services PMI at 54.1 (below forecast) with employment contraction and prices paid jumping, indicating stagflationary pressures and reinforcing AI-led market concentration.
Disney climbs on profit beat and free ad-supported streaming exploration; AMD falls on underwhelming forecast; SolarEdge sinks 22% on weak Q3 guidance.
Musk highlights 200% annual memory demand growth vs 20% supply; NVDA reclaims all anchored VWAPs; Broadcom breaks out on strong AI fundamentals.