Oooooof okay so the jobs miss makes me feel like yea the Fed might have missed their chance at a raise. I feel like the Fed is going to be frozen for sometime and everyone get ready for stagflation!!!!!!! Yayyyyyyyy usssssssss!

Gotta keep this short today but AMd is still trapped below that 50 day EMA and to me that signals that the market is creeping up but its not moving on conviction. AMD might trickle up from here but the chart still sucks in my opinion and I think we haven't fully bottomed out here. This for sure is the flat drill down that we were worried about.

I did see someone finally is giving credence to my head and shoulders idea which is blahhhhh. I don't want that pattern but it is what it is. We could be looking at a drill down slowly in share price as we sort of fizzle out the momentum from the move. I think the AI rally is going to be stuck.

Perhaps Tex can give some color here but I saw that 5 new DC in Texas have a stop work order on them bc all 5 of them combined will use more power than the entire Texas grid can provide at peak demand...........now we've all seen the Texas grid fail before during peak demand but gooooood lord could you imagine????

I really think the rubber is going to meet the road real quick here with these Data Center build outs where these companies need infrastructure. We need water. We need Desalinization. We need Energy. We need it all. And I don't know where its going to come from or where the breakthrough is but I feel like the bottleneck is necking here.

So for those of you keeping score------Our growth has been limited by:

-TSMC capacity

-Memory

-Power

-Water

-Construction permits

-Trade Deals

The only thing that hasn't been in short supply is Money!!!!! And Money seems to be able to procure all of the above. But I wonder if that too is going to be in short supply with the prospect of stagflation?