November 4, 2025

Markets:

Stock futures slipped Tuesday, dragged lower by weakness in several major artificial intelligence names.

Palantir fell 6.8% in premarket trading despite reporting a strong third quarter that beat expectations and showed impressive growth from its AI business. The stock’s dip appears to be more about short-term profit taking than fundamentals.

Other AI leaders, including Nvidia and Amazon, were down more than 1%, with Meta Platforms and Alphabet also trading lower.

After the close, earnings from AMD, ANET, SMCI, ALAB, and UPST will be key names to watch as AI sentiment continues to set the tone across the market.

Portfolio:

Let’s talk about today’s headlines — because honestly, they’re laughable. The fear-driven spin is exactly what we highlight week after week: the same old tactic of using every pullback to shake out retail while institutions add quietly in the background.

Case in point — the Michael Burry “short” headlines. Let’s be real. Burry hasn’t made a relevant market call since the housing crisis, yet financial media loves to push his name. The latest reports show he bought puts on PLTR and NVDA — but conveniently forget to mention when those positions were entered. He opened NVDA puts when the stock was at $186 and PLTR around $183. The filings were timed perfectly to hit just as PLTR reported earnings. Coincidence? Not likely.

Here’s the reality — his thesis might play out years down the line, not now. There’s simply too much liquidity and too much tangible AI profitability to derail the current trend. As Dan Ives put it this morning:

“This was a major validation moment for Palantir about AI demand and the growth trajectory over the next few years, which is accelerating at an eye-popping pace. Any weakness this morning from the ‘as good as it gets’ crowd… be buying this stock all day.”

That’s the story right there — AI demand isn’t slowing; it’s accelerating.

Markets don’t go straight up. Pullbacks are natural and necessary. They shake out the weak hands before the next leg higher. Stay the course, trust the setup, and use weakness to position for what’s ahead.

Adjustments for the open:

CRDU to 25.00

Everything else remains as is. Good call starting to layer in longer-dated setups yesterday.

Be ready today — this kind of morning often sets the stage for the next ignition point.