Alphabet $GOOGL closed below its 200-day moving average for the first time in over a year
Source: Barchart
$1.48 TRILLION has been wiped out from SpaceX $SPCX in the last 37 days, as it hits a new all-time low.
Source: Bull Theory
Momentum coming back to life:
"The GS High Beta Momentum Pair (GSPRHIMO) is up 9.3%, marking its strongest one day rally in the last five years following a 33% drawdown in the factor. Our sector specific TMT Unconstrained Momentum Pair (GSTMTMOM) is also posting its best day on record (+11.5%) and the GS Broad AI Pair (GSPUARTI) is up 7.3%, its best day since the launch of ChatGPT." - GS Source: Negligible capital
SpaceX $SPCX share unlock schedule ending at 100% December 2026.
Keep in mind only 5% of float is trading right now and most early investors bought for $0.02 - $1.22 per share. That's a lot of selling coming... Source. Financelot
SpaceX $SPCX stock is currently trading at $122 per share
Wall Street has price targets on the stock as high as $800 and as low as $130 That means SpaceX stock is currently trading below every Wall ST analyst price target according to the graphic below from my partners at Leverage Shares Source: Evan, Leverage shares
Forward P/E for both Health Care and Semiconductors are now the same...
Source: Bloomberg, Kevin Gordon
THIS IS HOW EXCESSIVE LEVERAGE AND SPECULATION END:
The SK Hynix long 2x Leveraged ETF, listed in Hong Kong, is down -64% from its June peak. SK Hynix shares have fallen more than -35% from their June peak. Source: Global Markets Investor
After gaining nearly 11% this year, the S&P 500 paused this week, slipping more than 1%.
But beneath the headline move, a broader rotation is underway, both across sectors and within them. Since early June, AI-driven sectors such as Technology have lost momentum, while cyclical and defensive sectors have steadily outperformed. The shift extends well beyond this week's pullback, suggesting investors are broadening exposure rather than simply reducing overall market risk. Source: Edward Jones
