Closelook Newsletter · US Stocks
US Stocks
Weekly read on US equity regime, cross-asset backdrop, and the AI Build-Out portfolio — signal-backed from macro to ticker level.
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Tech — and Then a Desert
One sector is doing the lifting for every cap-weighted index.
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Risk-On Broadens — Memory Leads the Build-Out
Small-caps and equal-weight join the megacaps as the Rubin Build-Out extends to ~6x the Nasdaq; bond vol eases and the wave-3 read holds.
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Silicon’s Bull, Five Layers Deep
The semiconductor leadership extends beyond the megacaps — interconnects, memory, power, packaging, materials all leading.