Market Memo

Hi guys!! After like a three month hiatus, I am BACK! The markets really locked in this time around. We went from worrying about Iran and our daily concerns about the Strait of Hormuz to loving AI all over again. The markets never learn, do they? The S&P and Nasdaq both increased by a huge 0.65 and 0.7 percent! The Middle East tensions actually reduced for like the first time in a long time(Drake reference) and SpaceX came out AND Musk became a trillionaire. Just saying, guys, we are closer to Bill Gates’s net worth than Bill Gates is to Musk’s net worth. SpaceX was moving like prime Lebron, getting higher and higher, and debuted at 1.8 trillion dollars(the greatest debut since Antony Martial). This also made semiconductor stocks do their usual rallying and stocks like Intel even went up by double digits. But, there’s always a but, Adobe and Oracle faced huge selling pressure, even with the overall optimism in the market. Also, we got some key information regarding the geopolitical situation in the Middle East, with a deal regarding the conflict expected to be reached soon. This cooled energy prices and crude oil dropped into the mid 80s. That’s literally it; the market really turned around, but what we really need is some consistency from this market. Well, see you guys later!