Belanger Trading Squawk
Belanger Trading Squawk · Quick takes from an ex-Wall Street trader on what’s moving the market and how to stay ahead.
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What they write about
Daily market commentary from a trading desk, written in a blunt, headline-driven style. Recurring subjects include single-stock reactions to earnings, the artificial-intelligence and semiconductor trade, insider selling, and how the market reprices companies after a change in guidance.
- daily commentary
- single stocks
- earnings reactions
- semiconductors
- insider activity
Recent examples: Apple Is a Cash Cow, Not a Keeper · Even a $6 Billion Heist Can't WAKE Bitcoin
Written from Belanger Trading Squawk’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Most-mentioned tickers
Symbols named in the headline of a post from the last 30 days, most-covered first. The number is how many of those posts mentioned it.
Read from 3 post headlines in the last 30 days. A newsletter that names a company only in the body of a post will not appear here, and a mention is not a recommendation — it only means the symbol came up.
Growth history
Subscribers (thousands, nightly)
321K on Sep 10, 2026 → 316K on Oct 21, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #10 today · #10 a week ago · #10 a month ago
Stats worth sharing
Tracked since Sep 10, 2026 — 62 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 2%
- Best rank seen
- #9
- Followers added
- −6.6K
- Posts
- 24
- Tickers covered
- 10
of 525 ranked finance newsletters
on Nov 2, 2026
since tracking began
last 30 days
in tracked posts
Recent posts
- Apple Is a Cash Cow, Not a Keeper
From Belanger Trading: Every market brings its own opportunities. Alliance gives you access to the best opportunities we find, all in one Terminal. See Alliance Apple just had its best September quarter ever, and the stock got sold anyway. Tuesday the Nasdaq rose and Apple fell. The reason is memory chips. Apple told investors its profit margin is stepping down, and the memory bill keeps climbing past Christmas. Plenty of people will call this a sell. Slowing growth, a shrinking margin, and a stock priced at about 35 times next year's earnings. I get it. That price looks rich. But Apple is…
- Even a $6 Billion Heist Can't WAKE Bitcoin
From Belanger Trading: Different markets create different ways to make money. No single strategy catches them all. See how Alliance works Thieves drained $6.3 billion of client tokens from Binance last week. It was the biggest crypto theft on record. The FBI says North Korea did it. And bitcoin barely moved. Plenty of people will call that proof the industry is growing up, and a reason to keep holding bitcoin as a long-term growth asset. I read it the other way. Bitcoin is setting up for another winter, the long stretch of flat and falling prices. Growing up is the problem. This asset needs…
- Oil and Bonds Are SMOTHERING the AI Trade
From Belanger Trading: Every market brings its own opportunities. Alliance gives you access to the best opportunities we find, all in one Terminal. See Alliance Oil cracked Monday. Down about 7%, on hopes for a deal between Washington and Iran. Tech bounced along with it. So the question coming in from everyone. Is this the all-clear on the AI dip? Plenty of people will call this selloff a buying opportunity. Oil eases on Iran diplomacy, and the bull market picks up where it left off. I'm not there. This is not a short call. But the easy money has been made. Five Weeks From a Record to a 9%…
- I Like Nvidia. I'm Done With Alphabet.
From Belanger Trading: Different markets create different ways to make money. No single strategy catches them all. See how Alliance works They sold anything with an AI label on it Friday. Tech got crushed. Chips got crushed harder. And the money that left went straight into the slow, steady stuff: staples, utilities, health care. All because Amazon told investors Thursday night that its AI bill is running faster than expected. Plenty of people will call this the end of the AI trade. Dump big tech, hide in defensive stocks. I don't buy it. Friday was ugly. It wasn't terrible. And it did not…
- I Was Wrong on Intel. Still Not Buying.
From Belanger Trading: Every market brings its own opportunities. Alliance gives you access to the best opportunities we find, all in one Terminal. See Alliance Intel just had its worst day since 1974. The company told investors the rest of the year will come in well short of what anyone expected. It blamed a memory shortage that is choking off PC sales. Memory is short, PCs are slumping, and the easy call is to stay away from semiconductors and the AI trade. I don't buy that. Investors just decided who wins and who loses in AI. Intel landed on the losing side. Intel Had AI's Best Tailwind…
- Google's AI Is EATING Your GOOGL Shares
From Belanger Trading: Different markets create different ways to make money. No single strategy catches them all. See how Alliance works Alphabet just had the worst day in its history. It happened in the same quarter its cloud business doubled. The reason is search. Google's core business, the ads people click when they look something up, slowed hard. And on the call, the company said its own AI was one cause of the slowdown. This is the core business, and the problem comes from Google's product. Google ADMITTED Its Own AI Earns Less Per Search Google Search revenue grew 12% last quarter…
- Wall Street DUMPED HOOD on the Wrong Business
From Belanger Trading: Every market brings its own opportunities. Alliance gives you access to the best opportunities we find, all in one Terminal. See Alliance Robinhood got sold again today. The crypto business fell apart in the quarter, and that became the whole story. Plenty of people will call the stock broken and tell you to stay away from this dip. I see why. Crypto is dead for Robinhood, and I'm not going to argue with that. But the sellers dumped the stock on the business that is shrinking. They sold right through the two businesses that are booming, prediction markets and options…
- The Anthropic IPO Is Peak AI Trade
From Belanger Trading: Different markets create different ways to make money. No single strategy catches them all. See how Alliance works Anthropic filed to go public Monday. I think it will be the biggest IPO in market history. And on the same day, Meta sold $37.5 billion of new stock to pay for its AI build-out. Plenty of people will call that a buy signal. Buy the AI stocks, buy the infrastructure stocks, and collect. Every new share has to find a buyer. Those buyers have to take a lot of AI stock at once, while the Fed makes money more expensive. So is this the next leg up for AI, or the…
- Musk Is Right: Most AI Clouds Will DIE
From Belanger Trading: Every market brings its own opportunities. Alliance gives you access to the best opportunities we find, all in one Terminal. See Alliance Elon Musk told the AI cloud business Sunday that most of it is going to die. "200+ neoclouds are going to see guppy-level death and consolidation," he posted. "Some will make it through, but not many." Neoclouds are the newer companies that build data centers full of AI chips and rent that computing power out. CoreWeave, Nebius and IREN are the big public names. Plenty of people will call this the end of the group and tell you to dump…
- Amazon Can't SAVE the AI Trade This Time
The AI trade is sliding into its biggest week of the quarter. Nvidia closed Friday 11.8% below where it stood on October 6. The last time the trade fell like this, two earnings reports turned it around. In July, Microsoft and Amazon printed. Both report again this week. Plenty of people will call this July all over again. Buy the dip before the prints, they'll say. I don't think it works this time. July's Rescue WORKED Because Growth Outran the Spending Late July looked a lot like now. Chip stocks shed more than $1 trillion in value on July 29, CNBC reported. Big Tech went into earnings "in…
- The AI Party Is Over. Buy Anyway.
Wall Street dumped the AI trade Thursday. The Nasdaq fell 2.6%, and the money ran into the safest stocks it could find. Grocery brands. Power companies. Drug makers. Plenty of people will call that the top. Sell tech, hide until the midterms are over. Then Friday came. The safe stocks were the worst place to be. I'm getting ready to buy. Thursday Wall Street DUMPED Chips for Soap and Toothpaste Thursday was ugly. The Philadelphia Semiconductor Index of chip stocks fell 6.7%. Meta dropped hard on worries over what it is spending on AI, and the S&P 500 lost 1.2%. Consumer staples went the other…
- The SpaceX Merger Won't Make Tesla Holders Rich
Elon Musk put a Tesla and SpaceX merger on the table Tuesday. Plenty of people will call that a payday for Tesla holders. A big premium, paid soon. I don't see it that way. Tesla jumped 3.4% Wednesday on the idea. By that evening, after its quarterly report, the gain was gone. Elon Musk Will FOLD These Two Together. He Always Does. There is zero doubt these two become one vertical AI company. Vertical means one company that builds the AI and the machines it runs on. It's Elon's MO. Tesla bought SolarCity back in 2016. X and xAI merged last year. Then xAI became part of SpaceX this February…
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