Last week in the stock market was marked by the resurgence of the AI trade, led by primarily by stocks like Nvidia and Oracle. Ther were some early-week jitters, but we had a strong finish late in the week, espoecially for tech stocks. We also saw a big drop and recovery for Nike, Micron beat on earnings, we had cooler-than-expected CPI data boosting sentiment, and we got a bit of corporate drama with Warner Bros. rejecting Paramount's bid, while cannabis stocks reacted to a Schedule III reclassification, and tech M&A activity picked up with IBM aquiring Confluence. Also, gold and silver neared record highs, while Bitcoin remained volatile but within a range.

This past week in the stock market was defined by a tech pullback, especially in AI, following weak guidance from Broadcom and concerns over Oracle's cloud/AI spending, leading to profit-taking in big tech like Nvidia, though the Dow and small-caps showed strength, hitting new highs as investors rotated into value/cyclical stocks. Also, the Federal Reserve's gave us that widely expected interest rate cut.

The markets have resumed their normal course--up and to the right! Markets are pricing in more Fed rate cuts, plus recent economic data regarding inflation has been positive. Both large caps and small caps are doing well. Tech and non-tech stocks are doing well. And Netflix bought Warner Brothers Discovery! Is now the time to get long NFLX?