Not a lot of action for me today. SPX chopped in a range and the market feels like it’s waiting for some data to move it. 

Elon mentioned that there is better balance coming in the AI chip market, and that’s really the first we’ve heard of some supply and demand leveling out from someone who is very involved in that supply chain mix. That has my attention as a possible correction catalyst for the chip names. We could see the weakness in SMCI and NVDA today. Too early to tell but i’ll be watching the action to see if it agrees.