The Roundhill Memory ETF $DRAM is up 98% since launching 5 weeks ago, easily the best perf ETF out of the gate (while also being the fastest growing ETF- at least to $6.5b).
Source: Bloomberg, Eric Balchunas
The only precedent for when the S&P 500 has been at record highs while fewer than 60% of stocks were above both their 50- and 200-day moving averages: December 1998-March 2000.
Source: Bespoke Invest
21Shares lnc. is going live TODAY 12th of May with their Hyperliquid #ETF Ticker $THYP US Fee 30bps.
Source: Bloomberg, Eric Balchunas
Stocks vs. Housing Performance since the 1970s
Source: Barchart
Megacap Tech gets more powerful.
This Q1 earnings season, the contribution has made an outsized impact. Megacap Tech about 17.3% of the total S&P 500 earnings - close to double that of Q4, 2025. Here, Megacap Tech = AMZN, AAPL, META, MSFT, NVDA, GOOGL Source: Ayesha Tariq, CFA, Factset, S&P
The hyperscalers' combined free cash flow is expected to fall to ~$4B in Q3.
Their free cash flow this year will likely be at its lowest level since 2014, when revenues were about a seventh of their current size. Source: Edward Conard, FT
Since the start of 2026, the S&P 500 has risen by +8%, consensus forward 12-month EPS estimates have risen by +13%, and the P/E multiple has declined from 22x to 21x.
Source: Neil Sethi, Goldman Sachs
Another day and another new all-time high for Korea Kospi with Samsung and Hynix again on fire.
AI memory changed the rankings fast. Samsung Electronics is now a $1T+ company. SK Hynix is sitting near JPMorgan by market cap. Korea is not a side story in AI anymore. Source: koreanstockguy on X
