so…the S&P is basically at ATHs
Trump has said 7 different times this week that he wants a deal with IranBessent said a ceasefire could be announced over the weekendRate hike probabilities tanked by 20% today because of the labor market data$Palantir Tech(PLTR.US) is up 40% in a week…which means the software stocks are finally getting the respect they deserve including $Microsoft(MSFT.US) $Reddit(RDDT.US) $Shopify (SHOP.US) earnings continue to compound aggressively the super high-beta semi names are consolidating like $Micron Tech(MU.US) $Nebius(NBIS.US) which isn’t bearish at all, especially when their growth continues to be massivehyperscalers continue to spend on capex and cloud growth rates are showing the ROIleverage also has been wiped out significantlyfeels like we could be setting up for an end of year run IF hikes are out of the picture and earnings continue strongthe main bear case felt like oil/leverage/war/hikesmy only fear is OpenAI and Anthropic’s numbers not being meaningful enough to carry out their spending commitments but those will be shown over timeif those broader bear cases are not as relevant as inflation comes down…maybe we can continue with the momentumSource: amit
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