LIVE: Stocks Hit Record Highs. Is $SPX 8,000 Coming? $SNDK $TSLA $NVDA

Why It Matters

The rally signals strong bullish sentiment but also heightened risk, and upcoming Tesla earnings and the SpaceX IPO could trigger significant market volatility, demanding disciplined risk management from investors.

Key Takeaways

• NASDAQ hits 13‑day winning streak, breaking historic extension records.
• Analysts warn market’s extreme upside may soon demand risk management.
• Tesla’s earnings preview shows high forward PE, but bullish sentiment persists.
• Upcoming SpaceX IPO expected to ignite retail frenzy and volatility.
• Pre‑market volume surges, offering new profit opportunities for active traders.

Summary

The live broadcast centered on the market’s unprecedented rally, with the Nasdaq climbing 13 sessions in a row and speculation that the S&P 500 could breach the 8,000‑point mark. Participants highlighted the rarity of such an extended upside—only ten comparable rallies since 1950—and warned that the current extreme extension may soon test traders’ risk limits. Key data points included a dramatic compression of forward price‑to‑earnings multiples for the “mag‑seven” stocks, making many appear cheap despite the overall market’s lofty valuation. Tesla, trading at roughly 200 times forward earnings, remains a focal point ahead of its earnings release, while the anticipated SpaceX IPO is being described as a potential catalyst for massive retail inflows and heightened volatility. Notable remarks came from Derek, who emphasized the historical uniqueness of the rally, and J.R., who dubbed the SpaceX offering the “biggest Elon Musk fiasco” yet a magnet for speculative buying. Sam’s self‑deprecating comment about feeling like an idiot after recent trades underscored the emotional intensity among traders. The implications are clear: while bullish momentum may persist, the market is vulnerable to sharp corrections. Traders should tighten risk controls, monitor pre‑market volume spikes for entry points, and prepare for earnings‑driven moves in Tesla and a potentially explosive debut for SpaceX.

Original Description

The stock market is hitting all-time highs. So is SPX 8,000 coming?

Derrick Oldensmith, JR Romero, and Sami Abusaad discuss:

-If this bull market can keep running

-Whether new traders need mentors

-How to trade the premarket

-Is SanDisk still the King of the World?

-The coming SpaceX IPO

-Our favorite ideas

T3 Live Disclosures: t3live.com/disclosures

Derrick's positions as of 2026-04-17 at 9.50.42 AM

Long: BITI, ESTC, GAME, INHD, MSFT, NVDA, OSCR, OWL, RGTI, S, SNAP, SOFI, SOXS, SRFM, VG

Short: AMZN, CAR, EWY, SEDG, SMH, SOXL, TQQQ, UPRO, SPY calls