Kim Kahn

Among them are T-bills beating AI hyperscaler bonds, the US dollar beating Bitcoin, oil doing better than gold, and yield curve flatteners beating steepeners.

Strategist Michael Hartnett says big corrections are always followed by big rallies.

In the past 100 years, in 15 big corrections, with the S&P down 10-20%, the average three-month rally from lows has been 15%, he said.

But the index won't reach correction territory until it breaks below 6,300.

Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon.

Today is Wednesday, March 25th, and I'm your host, Kim Kahn.

Our top story so far.

President Donald Trump has named some of the biggest figures in tech to a new President's Council of Advisors on Science and Technology.

The appointees include Meta Platform CEO Mark Zuckerberg, Oracle Executive Chairman Larry Ellison, and NVIDIA CEO Jensen Wang.

Advanced Micro Devices CEO Lisa Su and Google co-founder Sergey Brin will also serve.

Who keeps Atlantis off the maps?

Who keeps the Martians under wraps?

We do!

The White House said the panel will focus on the opportunities and challenges posed by emerging technologies, with an emphasis on ensuring the American workforce benefits in what it calls a golden age of innovation.

The council will be co-chaired by David Sachs, the White House AI and Crypto Czar, and technology advisor Michael Kratzius.

Thirteen members have been appointed so far, with the total expected to reach 24.

NVIDIA welcomed the move, saying it looks forward to helping advance American leadership in AI and highlighting the importance of collaboration between researchers, developers, and industry.

Among active stocks, memory-related names are under pressure after Google unveiled new algorithms aimed at reducing the memory required to run large language models and vector search engines.

Micron, Western Digital, Seagate Technology, and SanDisk are all under pressure.