Alphabet reports on Wed and if they disappoint, last week wasn't a correction but a start.

Last week was the most confusing earnings week i can remember,tsmc reported 77% profit growth and stock fell 4%,it announced $100b US expansion. Netflix also guided slowing growth, dropped 8% and semiconductor index also had worst week since 2020( kospi down 25% from june peak)

So a strong earnings being sold everywhere we look and the only logical explanation is that the market has already priced in the good news and is now hunting for the first crack in the ai capex thesis. Every strong earnings report gets sold because investors are sitting there asking yes but what about next quarter.

alphabet on Wednesday is the answer to that ques, if google shows ai is genuinely driving revenue acceleration with search, cloud, youtube all monetizing ai features . the entire thesis will get reaffirmed and last week looks like positioning cleanup before a new leg up. If alphabet is cautious about ai monetization timelines the pattern continues and you get another leg down across everything that ran on ai. I am myself running some automated positions around earnings setups through bitpanda fusion's api and the aggregated liquidity makes a real difference when trying to execute quickly around a catalyst that moves markets in seconds

Alphabet's guidance lang tomm morning is probably the most binary catalyst of q3 what are you expecting from alphabet tomorrow?