Meet Raj Patel (MRP)

trading enthusiast and SPY levels follower of , aerospace engineer by profession, Georgia Tech, University of Washington. 🇺🇸🇫🇷🇮🇳

[Venu @Venu_7_]

$MRVL isn't a textbook William O'Neil High Tight Flag, but it's showing many of the same characteristics: explosive advance, tight action near highs, and strong institutional sponsorship.

If this flag resolves higher, the next leg could be very interesting.

[Noah Bergren @NbergWX]

After #Arthur in the Gulf, #Bertha becomes the next name up in the hurricane season for 2026.

No clear indication in at least the next 7-10 days for another tropical development across the Atlantic.

[Meet Raj Patel (MRP) @patelme4]

@DanzTrader @jimcramer true~

[Muskonomy @muskonomy]

NEWS: SpaceX will break its own news on X, not on newswires, an SEC filing shows

The company named its X account @SpaceX as an official disclosure channel.

Its investor page at https://t.co/cMAaS410q4 is the other.

SpaceX says it will skip wire services like Business Wire and PR Newswire.

It tells investors to follow @SpaceX for material updates.

[amit @amitisinvesting]

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. The Fed did not cut rates at this week’s meeting, and Kevin Warsh said there was “rigorous debate” among policymakers over the direction of monetary policy. Warsh argued that markets perform best when they react to incoming data instead of trying to guess how the Federal Reserve will respond. He also said financial market prices are one of the most important sources of information for central bankers. Warsh emphasized that inflation is primarily driven by monetary policy and said the Fed’s long-held 2% inflation goal should not be revisited until that target is actually achieved. He also announced new task forces focused on Fed communications, the balance sheet, existing data sources, productivity and jobs, and the inflation framework.

2. Bernstein raised its price target on AMD $AMD to $600 from $525 while maintaining an Outperform rating on the stock. The firm says AMD should benefit from stronger server demand, with its existing model already reflecting a healthier server CPU environment. Bernstein said its estimates are only moving marginally, but the higher target reflects continued confidence in AMD’s growth opportunity.

3. Robinhood $HOOD was up 10% today after the company said June volumes are tracking at the highest levels in its history month-to-date. Argus says Robinhood should remain in high-growth mode over the next few years as it continues adding brokerage customers and building products around trading trends popular with younger investors. The firm also sees Robinhood’s 10% workforce cut as a move that could reduce management layers, speed up decision-making, and support faster product development.

4. OpenAI generated $5.7 billion in revenue in Q1 2026, according to The Information, while burning $3.7 billion in cash during the quarter. Gross margin improved to 39%, up from 33% year-over-year, but the company also spent $8.6 billion on R&D and has roughly $665 billion in compute commitments through 2030. OpenAI ended the quarter with more than $73 billion in cash and securities, though it had previously projected cash burn of $25 billion this year and $57 billion next year.

5. Apple $AAPL is reportedly preparing to raise prices as the AI-driven memory shortage starts spilling into consumer hardware. Rising demand from AI servers is pushing DRAM and NAND costs higher, tightening supply across the market, and Tim Cook has warned that the pressure is becoming increasingly difficult to absorb.

6. Vanda Research says retail investors have bought as much SpaceX $SPCX over the last three trading days as they bought in $NVDA, $GOOGL, $META, $SPY, $QQQ, $AMZN, and $MSFT combined. The data highlights how intense retail demand has become for SpaceX exposure, with investors piling into $SPCX at a pace that rivals some of the biggest and most actively traded names in the market.

7. The top 10 most active options today by contracts traded were $TSLA with 3.1M contracts, $NVDA with 3.0M contracts, $SPCX with 1.4M contracts, $AAPL with 1.3M contracts, $MSFT with 1.0M contracts, $HOOD with 1.0M contracts, $META with 927K contracts, $AMZN with 900K contracts, $SOFI with 700K contracts, and $MU with 679K contracts. Tesla led options activity with more than 3.1M contracts traded, followed closely by Nvidia at 3.0M, while SpaceX, Apple, Microsoft, and Robinhood all saw heavy volume above 1M contracts.

8. The U.S. has released the full text of its 14-point Memorandum of Understanding with Iran, outlining an immediate and permanent end to military operations, mutual respect for sovereignty, and a 60-day window to negotiate a final deal. The agreement includes steps to remove the U.S. naval blockade, ensure safe commercial passage through the Strait of Hormuz, issue waivers for Iranian oil and related financial services, and make frozen Iranian assets available for use. It also calls for a $300 billion reconstruction and economic development plan for Iran, a pathway toward ending sanctions, and IAEA supervision over Iran’s enriched material stockpile. Iran agrees not to pursue nuclear weapons and to maintain the current status of its nuclear program while negotiations continue. The final deal would be monitored through an executive compliance mechanism and ultimately endorsed by a binding UN Security Council resolution.

9. Bloomberg is reporting that Trump plans to ask U.S. defense companies to produce missiles and weapons under license in Europe and Ukraine. The discussions are tied to Ukraine’s urgent need for more air defense interceptors, as current production levels are not keeping up with battlefield demand. The move would be aimed at expanding weapons supply faster by shifting more production closer to the region.

10. $AMZN Amazon is reportedly seeing growing interest in its Trainium and Inferentia AI chips as companies look to diversify away from relying solely on Nvidia GPUs, according to The Information. The biggest selling point is cost, with some inference workloads reportedly running up to 80% cheaper compared to H100s. Amazon is also exploring ways to bring its AI chips closer to enterprise data centers, though Inferentia is reportedly not yet ready for AWS Outposts testing.

11. Bernie Sanders is proposing legislation that would impose a one-time 50% stock tax on major AI companies generating at least $200 million in annual AI revenue, according to AP. The shares would be placed into a sovereign wealth fund projected to be worth nearly $7 trillion, with the public receiving direct payments while the government holds voting shares that could influence company decisions. Importantly, this is only proposed legislation and has not become law.

12. ETF flows have already touched $1 trillion year-to-date, and it is still only June. While some of that is tied to S&P 500 rebalancing, the pace makes it look increasingly likely that last year’s $1.5 trillion record could be broken. One of the more surprising standouts is $DRAM, which is now among the top 10 overall for ETF flows. Even with SpaceX stealing most of the market’s attention, DRAM remains one of the biggest stories of the year.

WALL STREET IS THE GREATEST SHOW ON EARTH.

[Venu @Venu_7_]

$RUM - A free speech video platform quietly earning attention from Washington.

- Broke out of the downtrend and reclaimed all key moving averages
- Forming a monster base after an explosive run
- Eyeing $11 - a strong hold with accumulation could open room toward $18

[ProblemSniper @ProblemSniper]

Warsh’s first FOMC and he came in SWINGING 🎯

Dot plot: 0 hikes priced in March → 9 officials now want hikes
Statement: 300+ words → 132 words (shortest in years)
Mandate: “price stability” only, what about jobs mandate?

Markets did NOT price this in.

📉 SPX -1.2%
📈 Short yields, sharpest 1-day jump in 3mo

Trump wanted a dove. Got a hawk in disguise. In my opinion.

5 new task forces incoming too. Fed’s about to look completely different by EOY.

This isn’t your Powell Fed anymore.

[unusual_whales @unusual_whales]

BREAKING: Jim Cramer has said Intel, $INTC, is his top pick.

[Saty @satymahajan]

Gap filled. We're at the D21, but closed below it. Need to reclaim.

Market didn't seem to like the uncertainty introduced by Warsh (task forces, potential data measurement changes, etc.).

Warsh had a softball today and I think he whiffed it. Let's see how things get digested next few days. OPEX tomorrow. Juneteenth holiday Friday. More Sunday.

[Ben Kelly @benkellyone]

It's perfectly legal to find a $1M business making $400k/year, use an SBA loan to pay for $900K, find an investor who pays $100K for 15% equity, and make $7,916/mo for yourself.

Here's how it works:

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The Dow is now down -800 points since the Fed decision was released.

The S&P 500 has erased -$1.2 trillion in market cap in under 2 hours.

[Andy Hazelton @AndyHazelton]

Seeing some evidence of an attempt at "downshear reformation" in TS #Arthur, with a new center trying to form closer to the convection. This is pretty common in weak, sheared systems like this. The center will "jump" in the direction of the deep thunderstorms, which continously get blown off in the direction of the strong upper-level winds (in this case, to the East). Due to this strong shear, this new center probably won't change much in terms of the intensity of the storm, and rainfall remains the biggest threat.

[Grok @grok]

Okay, kiddo version:

Imagine tomorrow is the biggest playground meeting ever. New boss Kevin Warsh decides if everyone gets more play money (easy rules) or less (strict rules).

Today, before we know what he picks, smart kids are quietly putting away their favorite bouncy balls and shiny toys (risky stuff) so they don’t lose them if the rules change tomorrow. That’s “derisking.”

All the price drawings (those candle charts) are showing the toys getting put away across every game. It’s the night before the big meeting, so everyone’s being super careful.

is just a funny name for it!

[amit @amitisinvesting]

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Tomorrow’s FOMC meeting will be Kevin Warsh’s first as Fed Chair, and the market will be watching closely to see how he frames inflation, rates, and the path toward potential cuts. One major tailwind is that oil came down to $77 today, which helps ease inflation pressure and lowers the risk of another energy-driven CPI spike. If Warsh acknowledges that cooling oil prices are helping the inflation picture, it could give markets more confidence that the Fed has room to turn less restrictive over time.

2. The 2x SpaceX ETF had more than $3 billion in volume today versus about $1 billion yesterday. Nearly every product is already around $100 million or more in volume, while $SPCH led the pack with $1.3 billion traded, reportedly the highest Day Two volume ever recorded for an ETF, far above $IBIT’s roughly $500 million. SpaceX also officially announced plans to acquire Cursor parent company Anysphere for $60 billion. Ahead of the $SPCX IPO, Gwynne Shotwell described the relationship as a close AI collaboration, saying both companies were evaluating each other’s models and that Cursor’s training data was “excellent,” while SpaceX brings major compute capacity.

3. Wells Fargo raised its year-end 2026 $SPX S&P 500 target to 7,950, citing several supportive market factors. The firm pointed to a reset in investor sentiment following the Nasdaq 100 selloff, an improving setup for CTA buying, easing macro risk after the peace deal, continued supportive liquidity, and a higher 2026 EPS forecast of $340.

4. The top 10 most active options today by contracts traded were $TSLA with 2.0M contracts, $NVDA with 1.8M contracts, $SPCX with 1.7M contracts, $AAPL with 881K contracts, $INTC with 648K contracts, $NFLX with 573K contracts, $MU with 559K contracts, $AMZN with 511K contracts, $MSFT with 486K contracts, and $SOFI with 477K contracts. Tesla led the market with more than 2.0M options contracts traded, followed by Nvidia at 1.8M and SpaceX at 1.7M.

5. $AAPL Apple reportedly plans to launch camera-equipped AirPods in late 2027, according to Bloomberg. The cameras are not expected to be used for taking photos or videos, but instead to help Siri understand the user’s surroundings and provide more visual context. The new AirPods could debut around the same time as Apple’s second-generation foldable iPhone and its 20th-anniversary iPhone.

6. Microsoft $MSFT is reportedly moving Copilot Cowork to a usage-based pricing model and may introduce a Microsoft-hosted DeepSeek model as a lower-cost AI option for enterprise customers, according to Bloomberg. The cheaper model is expected to roll out in the coming weeks as Microsoft looks to give businesses more flexible and affordable AI tools.

7. Foreign investors sold another $801 million worth of Kospi-listed shares on Monday, adding to the $10 billion in outflows seen last week. According to Goldman Sachs, foreign investors have now sold South Korean stocks every trading session over the past month, bringing year-to-date net sales to roughly $75 billion. Meanwhile, domestic retail and institutional investors have absorbed much of the selling, buying about $69 billion over the same period.

8. The Financial Times reports that the Trump administration is considering a deal framework that could include sanctions relief and a $300 billion private-sector reconstruction fund for Iran if Tehran agrees to a final nuclear agreement and maintains peace. The fund would reportedly depend on Iran’s compliance and be financed by companies rather than governments, with potential interest from businesses in Europe, Asia, and the U.S. because of Iran’s large population and energy resources. If accurate, the proposal would effectively act like an economic rebuilding package for Iran while also opening the door for U.S. and global companies to enter the Iranian market if sanctions are lifted.

9. Robinhood $HOOD plans to cut about 10% of its workforce, or roughly 290 roles, as the company looks to operate more efficiently and flatten management layers. CEO Vlad Tenev said Robinhood’s business “has never been stronger,” but emphasized that the company cannot operate as a heavily layered organization and needs to remain a lean, hyper-focused team.

10. SoFi CEO Anthony Noto purchased 13,888 shares of $SOFI at $18.06 per share, spending roughly $250,000 on the open-market buy. Following the purchase, Noto now owns 11,960,507 shares of SoFi, worth about $211.8 million.

11. Snap $SNAP launched standalone consumer AR glasses priced at $2,195, but the stock was down 10% on the day. The glasses do not require a phone, puck, or tether and feature a 51° field of view with transparent LCoS displays, up to four hours of mixed use plus four extra charges from the case, electrochromic lenses that tint outdoors, and a built-in AI assistant that can see what the user is looking at. Snap has spent 11 years and more than $3 billion trying to make AR glasses a mainstream product.

12. Amazon $AMZN plans to invest several billion dollars to build a new data center campus in Montgomery County, Missouri, creating more than 400 full-time data center jobs, thousands of construction roles, and funding upgrades to local road and water infrastructure.

WALL STREET IS THE GREATEST SHOW ON EARTH.

[*Walter Bloomberg @DeItaone]

TRUMP LIVE
https://t.co/ZvQfImVRVX

[Kalshi Finance @Kalshi_Finance]

JUST IN: Starlink has secured agreements with 41 airlines worldwide covering over 7,000 aircrafts in total

[Meet Raj Patel (MRP) @patelme4]

@DanzTrader 100% agree…200 there it is!! @DanzTrader

[Meet Raj Patel (MRP) @patelme4]

@DanzTrader Almost there @DanzTrader :) !! Post market pump is insane!

[Meet Raj Patel (MRP) @patelme4]

@StocksOnSpaces https://t.co/OfXDqmeH9N

[Elon Musk @elonmusk]

@JonErlichman I think SpaceX might be able to reach approximately $1T revenue in 2030