Hot Economy, Geopolitics Fuel Inflation, Threaten IPO Momentum
Last week’s momentum-filled gains were abruptly reversed on Friday after the jobs report showed that the US economy is running quite hot while there is still no easy offramp from the conflict in Iran. Add them up and we get persistent inflation, no hopes of rate cuts, and a Fed model left tail that is causing valuation pressure on equities. Fortunately, earnings are booming (the right tail), which should help offset any P/E derating (as it did back in March when the P/E-multiple fell twice as much as the price index). But the pressure is coming at a time when a lot of excitement has built about the upcoming giga IPOs. Momentum builds quickly but can evaporate just as fast. Let’s explore. https://t.co/ALIcpFaER3
Nasdaq Closes Friday Without Any Drawdown, Historic First
Apparently Nasdaq made history today because it didn't have any drawdown from Friday's close. https://t.co/7Za41Z4SJg
Only Energy, Industrials, Real Estate Up Across All Timeframes
Only 3 S&P 500 sectors up over the past 5 days, 1 month, 3 months, and YTD; Energy, Industrials, Real Estate.
IV Rank Rebounds, Expect Wider Intraday Moves Ahead
Friday's $SPX drop pushed IV rank back into the April/early May range. Vol is elevated now, which often means wider intraday ranges. The last few weeks have been tight, range-bound chop. If the regime is shifting, the setups that worked recently...
S&P Likely Faces Modest Pullback After Nine‑week Rally
After shrugging off $AVGO -12.6% on Thursday, the strong jobs report drove the 2yr yld +10bps to the highest levels since early 2025 & S&P -2.6% on Fri. For the wk, S&P/Nas/SOXX/Mag7 were -2.6%/-4.7%/-4.7%/-5.8% despite oil -3% to $91. This is...
SOX Plunges 10%—Record Shorting on SOXX ETF
Not only was the $SOX's -10.3% drop on Friday the largest single-day loss for the semis index since March 2020, it also drove the highest short volume on the SOXX ETF since it began trading. That kind of reaction is...
Marvell Joins S&P 500 Fueled by AI Profit Surge
Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test - https://t.co/DOWQ4zKbL0
Rate‑rise Fears and AI Spend Spark Market Plunge
WSJ: "Fears of rising interest rates collided with worries about artificial-intelligence spending on Wall Street Friday, bringing an abrupt and painful end to weeks of gains and sending the Nasdaq composite to its worst day in more than a year.... The...
Semiconductor Slump: Micron, Broadcom Plunge 20%
Semiconductor Stocks Roll Over, Micron & Broadcom Tank 20% in 2 Days, Drag Rest of Market Along. We’re looking for culprits. https://t.co/uEcedMx5ZQ https://t.co/ciiKANG95H
S&P 500 Ends 9‑week Rally as Chips Tumble, Yields Rise
The S&P 500 sold off with its 9-week winning streak coming to an end amid a sell-off in chip stocks & rising Treasury yields
Strong Job Growth Triggers Market Plunge, Chip Stocks Tumble
The U.S. economy added 172,000 jobs in May — nearly double what Wall Street wanted. The reward? The Nasdaq's worst day in over a year and more than $1 trillion erased from chip stocks. Welcome to the regime where good...
SPX Rebounds Off 7,520 as Non‑tech Rallies
SPX: Came back from the $7,520 weekly level. How did this happen? Most of the non-tech sectors rallied today, and giants like #GOOG and #AMZN bounced from oversold conditions. The afternoon price action lacked conviction; momentum must continue to keep...
Fear & Greed Index Leaves Greed After 51 Days
JUST IN: Stocks Fear & Greed Index exits "Greed" for the first time in 51 days https://t.co/Kd2BnRtgX2
SOX Hits 2000‑high RSI; SPX Nears Historic 150% MA Surge
Popping in with things getting historic: $SOX = highest weekly RSI since 2000 & hitting upper channel; $SPX nearing 150% above 200-MONTH moving average for only the 4th time in modern history (two of those cases it ended up going even...
AI Earnings and Economic Data Set Stage for Volatile Session
🚨 Morning Market Rundown – June 3, 2026 🚨 A packed economic calendar and major AI earnings after the bell make for a potentially volatile trading session 👀🔥 📊 Economic Events: 💼 ADP Employment Change (May): Exp. 120K vs Prior 109K 🎤 Fed’s Barr...