Syz the moment

The Russell 2000 US small-caps index is extending the break out move. This looks like an inverse head and shoulders formation. Plenty room to run before we reach trend channel highs. Source: LSEG, The Market Ear

Goldman's Coppersmith: "You don’t get moves like this unless the market is starting to lean into a better growth outlook". Source: LSEG, The Market Ear

Goldman PT New $220, Old 320 JPMorgan PT New $230, Old 270 Cantor PT New $320, Old 400 Barclays PT New $310, Old 330 Evercore PT New $275, Old 385 Scotiabank PT New $260, Old 360 TD Cowen PT New $350, Old 400 Melius PT New $260, Old 400 Source: zerohege

Yesterday it closed at the highest level ever. Congrats to investors who used the events on this chart as reasons to buy, not panic. Source: Ryan Detrick

It has $125 billion debt, of which $25 billion is due in three years. Meanwhile, FCF is already negative, and its largest customer, OpenAI, needs to raise $207 billion by 2030 to meet its obligations. Source: Oguz O. | 𝕏 Capitalist 💸 @thexcapitalist FT

1. Downside risks to employment have risen 2. Inflation in the US "remains somewhat elevated" 3. Interest rates are now in a "plausible range of neutral" 4. GDP growth forecast for 2026 has been revised up 5. Readings on inflation are higher as goods inflation has "picked up" 6. Three Fed members dissented today's decision The Fed is divided (but less than many feared). Source: The Kobeissi Letter

The real story is the "packaging" which turned out LESS HAWKISH than the markets expected. This became evident starting with the Statement, and was amplified by Chair Jerome Powell's remarks at the Press Conference. Should we call it a DOVISH CUT ??? 🚀🚀🚀

1. SpaceX $30.0B* 2. Saudi Aramco $29.4B 3. Alibaba $21.8B 4. Softbank $21.3B 5. NTT Mobile $18.1B 6. Visa $17.9B 7. AIA $17.8B 8. ENEL SpA $16.5B 9. Facebook $16.0B 10. GM $15.8B Elon would take the top spot. Source: Morning Brew, Bloomberg