SpaceX IPO is generating heroic measures to find buyers. Moving it into the S&P immediately grabs the passive flows. The lockout period has been truncated and graduated so that $1.5 trillion of shares looking for suckers (new owners) don't arrive all on the same day. Other AI-based IPOs will also put pressure on the markets to find buyers. You may recall the the markets could not absorb all the shares coming out of lockout period in the dot-com boom. The result was the pin hitting the bubble. I think these huge IPOs will be the same missile hitting the current bubble, but what do I know?
I'm not surprised the oil market could handle 100 days of the Strait being closed without significant disruption.
I am very surprised the oil market would remain so complacent after 100 days and with zero visibility on reopening.
I wouldn’t worry too much about Friday’s sell-off.
According to my database, every time the Nasdaq sold off -5% in a single day, it’s ALWAYS higher after 30 years …
This is a dream chart. Another higher weekly close. I personally doubled my position into weakness this afternoon.
@AlderLaneEggs@Seawolfcap and @VD718 know which one this is.