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Laurie’s Abbreviation Index:

** ‘div’ – dividend 

** ‘m/m’ – month over month

** ‘y/y’ – year over year

** ‘Inven’ – inventories

** ‘mfg’ – manufacturing ** +/- – plus or minus, positive or negative

** Underlined text – higher volume premarket

** ‘d’ – day

** ‘Y’ – year

**govt – government 

Color Key: Positive – Neutral – Negative

Global Markets:  USA, Europe, Japan, China, Hong Kong – positive  set-up

·         Commodities:  Gold, Silver, Copper, Palladium, Oil, natgas, AGGS,  Bitcoin

·         Yields: 30Y Bond +0.38%  Currencies:  USA$-0.02% CAD +0.03% YEN +0.01%  BTC/USD-2.16%  Vix:22.7

·         Events:USA: PPI 830ET; FOMC 10ET; Micron earnings after close. CBs: BOC, ECB, FED all speaking on rates
Stock News: DOCU+0.76% M+8.6%  LULU-1.6% TCEHY GIS-1%    Earnings
Equity:  USA indices bounced overnight and pulling back premarket ahead of PPI data. S&P is moving inverse with oil which dipped overnight and rising premarket.  FOMC is not expected to change rates but market can react to statements and volatility which is elevated may provide a lift should FOMC statement not be deemed hawkish. Risk is a hawkish statement raising spectre of rate increases (not expected). ECB and BOC are also speaking today but not expected to change rates.  Micron earnings after the close is significant for tech and semis with the memory group including STX, WDC, Hynix and Samsung one of the strongest groups. Korean stock market is heavily weighted to memory. NVDA CEO Jensen is the oracle of tech and says that has received orders from China companies and positive comments on Chinese Openclaw agent companies lifted Zhipu, Minimax and positive for cloud companies like BABA. *** PPI was higher than expected which has led to a pullback in indices and weakness in the speculative names which were squeezed Tues. MU earnings after the close and Jensen hyping may lead to semi outperformance today. S&P selling down into the open and while below 6700 would look for 6650-6640 as potential support/bounce levels.
   
Stock MU, NVDA, DAL, LULU, CF, NEM,     Speculative GFI, CPNG,
Indices /CL, XLE, IYT, UNG, IBIT, KWEB, RSP, SLV, GDX, MAGS, IWM, IGV, XBI,

S&P500 DRI, GLW, IQV, CI, FICO, DLR, STZ, IFF, TER, CPAY, HII, CF, NEM, ALB, SRE, LULU, GIS, HOOD, PTC, NWSA,
Other LITE, COHR, TSEM, BIDU, ASX, BABA, STM, VG, CPNG, SFTBY, ING, GFI, LI, AU, RKLB, PROSY, BMNR, AG, B, NVO

DRNZ

DRNZ is a speculative ETF that holds a basket of drone names. Drones are the hot meme in the defense space since they are inexpensive relative to the standard hardware and very hard to defend against. Iran and Ukrainian success has amplified the  meme. DRNZ is a basket with some individual names RedCat (prior idea), AeroVision and DroneShield single stock idea. Caveat DRNZ is approaching a prior high so may pullback or breakout and is a relatively small ETF so alot more volatile. One can use it as an indicator for looking at some of the holdings.