SOX is up roughly 18% since the June 9 low.
In just a few sessions, we have gone from the bottom of the range to the top, bouncing off the steep trend line despite briefly trading below the 21-day moving average. The moves have been absolutely brutal. For larger players, reshuffling big books in an environment like this is close to impossible. An 18% move in five sessions in the world's hottest theme is actually crazy when you stop and think about it. Chasing SOX after an 18% rally in five sessions feels a little late. Fading it feels dangerous. Source: TME
Nvidia
Source: Investing.com
Yesterday, Elon Musk's net worth rose by $165 billion in one day, more than Bill Gates' entire net worth.
Elon is now worth $1.3 trillion. Source: Watcher Guru
Here are the reported terms of the US-Iran peace deal MOU:
1. Immediate and permanent end to war on all fronts, including Lebanon 2. US naval blockade on Iranian ports lifted immediately 3. Strait of Hormuz to reopen within 30 days 4. US oil and petrochemical sanctions on Iran suspended 5. $24 billion in frozen Iranian assets released during 60-day negotiation period, $12 billion before talks even start 6. 60-day negotiation period for Iran's nuclear programme and full sanctions relief 7. Final signing in Geneva on June 19. JD Vance expected to attend The US disputes point 5, saying no funds will be released without Iran fulfilling commitments first.
If you were looking for cross-assets correlation... Below chart is Hyperscalers vs token prices...
Source: Bloomberg, zerohedge
Cybersecurity stocks are up +29.5% YTD while software has barely broken even
Source: Hedgeye
Wall Street digests record fundraising haul as AI race intensifies.
Companies have raised roughly $4.7tn across global equity, debt and bank loan markets this year, a record pace, according to data provider LSEG. That figure, up 7% YoY, does not include the spurt of activity in investment-grade private credit markets, which are increasingly being tapped to finance data centres, chips and power plants feeding the AI boom. That included a $35bn debt package cobbled together by Apollo and Blackstone this week for Anthropic. Source: FT, HolgerZ
Trump: "The deal is complete (...) Let the oil flow!" Crude oil $WTI is plummeting on Hyperliquid in pre-market open!
After 107 days of war, the US and Iran have now officially reached a peace deal, with the signing set for June 19th in Switzerland.
