A make or break day for stocks: The committee's top strategies

Summary

The Investment Committee discusses the make-or-break nature of the day with Fed Chair Powell's final meeting and mega-cap earnings. Energy prices are rising, and Amazon's AWS growth and Trainium chip story are key focuses. The Open AI report raises questions about AI spending commitments.

• Fed Chair Powell's final meeting is underway with no policy move expected.
• Energy prices are rising, with WTI near $107 and gasoline at 52-week highs.
• Mega-cap earnings, especially from Amazon, Alphabet, and Microsoft, are seen as critical for the market.
• Open AI's revenue concerns create an overhang on tech spending commitments.
• Malcolm Etheridge is most bullish on Amazon, citing AWS growth and the Trainium chip opportunity.
• The semiconductor sector shows signs of a bounce back, with NXPI contributing.
• The market awaits key earnings after the close, which could determine near-term direction.