mkt thoughts 16 Jun 26

In my note yesterday during the US session, i noted that it was a good area to trim before going into FOMC - this short period of softness IS to be expected. Afterall we had a massive short covering session yesterday, expect the market to soften as FOMC hedging takes place overall.
On a longer time frame - i think this weakness offers up the last opportunity to deploy before we scale the FOMC wall of worry.
Tickers i am looking at - $NBIS, $SNDK, $MRVL , $ALAB, $CRDO
On neoclouds, $CRWV surged off a cantor note that $CRWV has hit 90% of its YE27 30B ARR target and is estimated to materially beat estimates for 2Q backlog figures. IMO, this is very bullish for the neocloud sector and is an additional tailwind for $NBIS as compute gets snapped up.
This is a short week, so expect more variance as we have FOMC and OPX clustered togethere.
Good luck!