First Word
First Word
Key development this week is inflation is resuming falling 'like a rock.' AI trade under pressure but much of it may be technical due to margin calls, while the fundamentals remain strong.
VIDEO_:_ The big stories this week are the continued selling in Korea/AI stocks and the downside surprise in CPI and PPI. In our view, the...
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First Word
July 2026 Top Large Cap and SMID Cap Core Stock Ideas Market Update
VIDEO_:_ The June CPI and PPI report show inflation is weakening and our take is that Fed odds of a hike will continue to diminish. ...
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First Word
We continue to buy the dip in semis, memory and tech
VIDEO_:_ We are constructive near term as this pullback in semis, memory and tech and momentum seems to have created a good risk/reward. And in...
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First Word
Carnage in Semis/Memory continue. But we remain near-term constructive and are buying the dip.
VIDEO_:_ In the near-term, we continue to be constructive and expect S&P 500 to reach 7,700 near-term, but the wall of worry continues to grow. ...
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As 2Q26 comes to an end, equity markets still in good shape... but NYSE margin is a further sign consolidation likely ahead
VIDEO_:_ As the 2Q comes to an end, equity markets did well, but the market sees a more hawkish Fed. We remain less hawkish than...
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Raise S&P 500 target to 8,000 vs 7,700 prior - June 2026 Top Large Cap and SMID Cap Core Stock Ideas Market Update
VIDEO_:_ We are giving a mid-year update and raising our year-end target for S&P 500 to 8,000 from 7,700. This is mainly due to higher...
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First Word
Semis -7% 1D. This is the 18th time since 2011. 88% of the time, Semis more than recover 1M later. Buy that dip.
VIDEO_:_ We believe the pullback in SMH 4.54% and DRAM 11.06% is very buyable. These dramatic 1D declines of 6% or more are seen in bull markets...
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SpaceX shares trading at $173 on Hyperliquid.xyz, up +28% from IPO price
The SpaceX IPO priced on Thursday June 11, 2026. As we noted recently, there could be some wobbling of equities in front of the SPCX 3.54% ...
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Wobble this week partly reflects cash raised to fund additional buys of SpaceX post-IPO (due to Nasdaq 100 and Russell 1000 inclusion)
Equities have wobbled in the past week pushing S&P 500 down -2.6% month to date. This is not entirely surprising given the >10% gains registered...
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Several key milestones in June, including SpaceX IPO and first Fed Chair Warsh meeting
As we close out the first week of June, the S&P 500 is basically flat for the week, and up 11% YTD. We continue to...
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