Fun fact:
When Apple, $AAPL, went public, it was worth $1.8 billion.
When Amazon, $AMZN, went public, it was worth $438 million.
SpaceX, $SPCX, just debuted at roughly $1.77 TRILLION.
The biggest IPO in stock market history.
We've gone from investing in companies
To investing in civilizations.
The stock market has the shortest memory in the world.
When $QQQ was down, everyone wanted cash.
Now that it's near highs, everyone wants exposure.
Same market.
Different candles.
That's why most traders lose money.
Everyone's arguing whether AI is killing jobs.
Both sides are right actually.
The "jobs are fine" side:
- Unemployment is 4.2%
- Companies are hiring
- $700B being invested in AI infrastructure
The "jobs are gone" side:
- 142,000 tech layoffs in 2026 alone
- New grad unemployment at 5.7%
- 42.5% of college grads working jobs that don't need a degree
Here's what's actually happening:
Companies aren't hiring fewer people. They're just skipping the bottom of the ladder entirely.
AI didn't cause mass unemployment. It removed the entry point into a career.
The economy looks fine from the top. It's the bottom rung that's gone.
@Hedgeye There’s someone out there paying a financial advisor 6 figures to be told a 4% savings account is “winning” against 30% purchasing power loss 😭
Everything is going up this morning. $SPX ATH. $QQQ ATH. $AAPL ATH. Nikkei ATH. Oil below $100.
Paul Tudor Jones, one of the greatest traders alive, went on CNBC today and said the AI bull market has another year or two left.
He also said it feels exactly like 1999.
You know what happened after 1999.
Enjoy the ride. Just don't forget where the exit is.
Yesterday was the real test:
FOMC held rates steady.
Big Tech earnings dropped.
AI spending is still massive.
But the reaction was mixed.
$GOOGL ripped on cloud/AI strength.
$META got hit because investors want proof, not just bigger AI spending.
$MSFT softened even after strong numbers.
That’s the market telling us something:
AI is still bullish but not all AI spending is being rewarded anymore.
Today is not about chasing every green candle.
It’s about seeing who actually has follow-through after the biggest catalyst day of the week.
(Edu only)
Biggest day of the week.
Fed decision + Powell.
Then after close: $GOOGL $MSFT $AMZN $META earnings.
That’s 4 AI giants worth $10T+ and about 17% of the S&P 500 reporting on the same day.
Quick trade.
Quick profit.
No need to overstay before the real fireworks.
Today isn’t about being a hero.
It’s about surviving the chop before the catalysts.
(Edu only)
Tomorrow after close: Meta, Microsoft, Amazon, Alphabet all report. Same day. Same hour.
$630 billion in AI spending between them this year alone. More than the entire GDP of Singapore.
The market doesn't care if AI is real anymore. It cares if it's profitable. Tomorrow is the first real answer.
Spotify beat everything today and dropped 11%. UPS beat everything and dropped 5%. That's the market right now, beats aren't enough. You better beat AND say the right things.
Wednesday 4pm is going to be one of the most important hours of the year. Don't be on the wrong side of it.
Millions of strategies. Thousands of indicators. Hundreds of courses.
And the traders who actually make money consistently use the same 2-3 things. Every single day. No exceptions.
The market doesn't reward complexity. It rewards discipline applied to simplicity.
Clean chart. Clear rules. Repeat.
That's it.