☕ The latest moves from Palantir, Nvidia, and Microsoft say everything

Good morning! 👋 

It is Hayley here, and I hope you are off to a great start today. 

As I am scanning the headlines and seeing all three major indices down in premarket trading, I am noticing something important this morning. 

The narrative is turning negative even though the money itself is not. That disconnect matters because it tells you where the real opportunity is. 

So, in my best Keith voice... “Money is like water. It will always flow to where it is treated best.” 

Even with volatility, institutional capital isn’t leaving the market. It’s concentrating - intelligently - in the areas shaping the next decade: 

• AI infrastructure 

• Defence 

• Energy logistics 

• Critical semiconductors 

• Advanced manufacturing 

These aren’t random bright spots either.  

They map directly onto what we call the ‘5Ds’ - Digitalization, Defence, Diffusion, Dislocation, and Distribution - the very forces reshaping global markets whether the headlines recognise them or not. 

That’s the framework we use to guide our way in One Bar Ahead® because it shows you where capital must go, not where the daily noise wants to drag your attention. 

Many remain fixated on short-term noise.  

For example, whether or not the Fed will cut.  

The Fed will make its decision either way - but the companies shaping the next decade aren’t waiting around for it. They’re moving, building, and deploying capital at full speed. 

Just take a look what happened yesterday: 

• Palantir secured a $448M US Navy contract for Ship OS. (Read) 

• Nvidia got the green light to sell H200 chips back into China. (Read) 

• Microsoft announced major new AI and cloud investments in India. (Read) 

This is capital deploying, not retreating. 

Zoom out and the bigger picture agrees.  

According to FactSet, 99% of S&P 500 companies have now reported for Q3: 

• 83% beat earnings expectations 
• 76% beat on revenue 

Corporate America is still delivering growth and real demand. 

Put simply, the long-term story remains firmly intact, and the money knows it. 

Smart investors should too!  

Meanwhile, here is a snap of Keith taking a morning run along the Kamo River - a reminder to us all (me included) to get outside and move our bodies today! 🏃‍♀️ 

With that, you got this – I promise! 💯 

As always, let’s MAKE it a great day. 

Hayley E 😀