$SPY is currently testing initial resistance. While higher price targets remain on the horizon, expect either an upside squeeze toward $669.XX tomorrow or a potential retest of $652.XX. Maintaining a net long position but layering in hedges to manage overnight risk. 1
$SPX technical structures are looking eerily similar to previous patterns. Sector-wise, the energy complex is finally seeing a way long overdue pullback. 23
$BTC is forming a second potential bear flag. The previous breakdown took 69 days to play out; we are currently at day 55, signaling that a repeat breakdown could be imminent. 4
Media outlets are front-running narratives regarding an Iranian ground invasion. Intelligence reports suggesting a lack of negotiation appetite are effectively setting the stage for further escalation. 5
The bear case for space tech stocks like $RKLB and $PL is completely disconnected from sector momentum. Amazon’s reported interest in acquiring Globalstar ($GSAT) to rival Starlink confirms the massive scale and strategic necessity of space-based connectivity. 67
Beijing’s “request” for AI firms to use domestic chips carries the weight of a direct order, yet they are threading the needle carefully. The AI push is too vital to risk performance through rigid mandates, highlighting the strategic tension in China’s silicon self-sufficiency. 8
YMTC is a massive threat to the NAND status quo. With Wuhan Fab 3 ramping in H2, they are set to become the world’s 3rd largest producer, surpassing Micron and SK Hynix. Their focus on high-complexity 200+ layer yields suggests the competitive gap is closing fast. 9
Capital allocation analysis: Apollo’s $14.2 billion buyback returned 26.8%, but a direct play on $INTC shares during the same 2024-2026 window would have yielded a far superior 59.9%. 10