In this episode of Being Exponential, we dive into one of the biggest weeks in markets this year — a week that saw Big Tech earnings, a Fed rate cut, and shifting signals across the AI and energy landscape. Five of the world’s largest companies — Meta, Alphabet, Amazon, Microsoft, and Apple — all reported results that beat expectations. Yet their stock reactions couldn’t have been more different: Meta and Microsoft sold off, Amazon and Alphabet rallied, and Apple stayed flat. What’s really going on here? Were these earnings good, bad, or just misunderstood? We also break down the Fed’s latest move. Powell shocked markets by signaling that a December cut isn’t guaranteed, and Goolsbee echoed that uncertainty. With long-term Treasury yields jumping, we ask: is the Fed already done cutting rates, and could that pose a new risk to markets? Then we zoom out to the broader economy — or as we call it, the “Everything Else Economy.” Lower rates are critical to its survival, but if the long end of the curve stays elevated, could that be the breaking point? We discuss this dynamic and the warning signs emerging in M&A and IPO activity, which are heating up fast and could signal market froth. Despite these risks, we stay medium-term bullish and explore where the next big opportunities may lie. We discuss buying the dip in rare earth stocks, the bullish setup for nuclear and energy storage — the backbone of AI’s power infrastructure — and the explosive potential within the AI infrastructure layer as the capex super-cycle expands. Finally, we highlight a few breakout stocks to keep on your radar: WDC, BE, TER, LUMN, and FORM. If you’re looking to understand where tech, markets, and energy intersect — and how to position yourself for the next phase of exponential growth.
