Dan Niles’ Post

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Portfolio Manager

With @CarlQuintanilla @SaraEisen 11am ET. Expect NT mkt bounce given some oversold conditions. But punitive reaction to tech results so far (ie $TSLA deliveries, $TSM, $ASML, $NFLX, $SMCI lack of +pre) & concerns about ROI on AI investments keep us selective on earnings this wk. Apr 18 $NFLX reports today. Stock reaction to expectations of beat & raise qtr will be viewed as bellweather for Mag7 starting next wk despite fundamentally not having much in common. Still believe selectivity is key for Q1 earnings & rest of yr especially w/ Fed potentially on hold.

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