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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 670.92

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Nov 7 4:00 PM EST

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To: Johnny Canuck who wrote (56768)	7/15/2023 4:15:22 PM
From: Johnny Canuck	Read Replies (2) of 67763

For some reason it is not showing up in the FINVIZ and finance.yahoo feed but on Friday one on my feeds showed CRUS reducing it workforce by 5 percent and CEO reducing base salary by 10 percent. Combined by muted guidance from MU it would suggest we will see some level of contraction in the second half of 2023 in specific consumer product segments. CRUS makes some of the basic building blocks that are tied to memory and CPU across an number of consumer product segments. It may mean AI related stocks like AVGO have come too far to fast. Though growth in AI relates sales might be double digits the percentage of revenue for most companies with the exception of maybe NVDA might be not enough to offset declines in other segments,

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