o…the S&P is basically at ATHs
Trump has said 7 different times this week that he wants a deal with Iran
Bessent said a ceasefire could be announced over the weekend
Rate hike probabilities tanked by 20% today because of the labor market data
$PLTR is up 40% in a week…which means the software stocks are finally getting the respect they deserve including $MSFT $RDDT $SHOP
earnings continue to compound aggressively
the super high-beta semi names are consolidating like $MU $NBIS which isn’t bearish at all, especially when their growth continues to be massive
hyperscalers continue to spend on capex and cloud growth rates are showing the ROI
leverage also has been wiped out significantly
feels like we could be setting up for an end of year run IF hikes are out of the picture and earnings continue strong
the main bear case felt like oil/leverage/war/hikes
my only fear is OpenAI and Anthropic’s numbers not being meaningful enough to carry out their spending commitments but those will be shown over time
if those broader bear cases are not as relevant as inflation comes down…maybe we can continue with the momentum
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