Market Tea

$HOOD broke ranks with a tape that bled, closing up 8.78% at $105.20 on more than double its 90-day volume. The stack: a 10% layoff, record June trading volumes (+75% YoY equity), and Argus, Deutsche Bank and Needham hiking targets the same day. Retail vol got a ticker.

$COIN took the hit with the crypto-equity cohort after Warsh's hawkish dot plot pushed the 2-year yield 16 bps higher and Bitcoin sliced from $66,000 toward $63,850 inside 90 minutes. When the Fed Chair repeats 'price stability' enough, every speculative asset prices it.

$JPM pulled off the tape's only big green print on a brutal Fed day, closing up nearly 4% to $331.14 while the S&P shed 1.21%. A hawkish Fed widening the gap between deposit costs and loan yields is exactly the NIM tailwind big banks have been priced lower on for two years.

Warsh's first dot plot tilted UP — nine of 18 Fed officials now see at least one HIKE this year. The median 2026 dot moved 3.4% to 3.8% and the 2-year yield blew out 16 bps. Stocks logged the worst first FOMC for a new Chair since 1994. The rate-cut trade just got buried.

Post-IPO, Musk will be CEO, CTO and chairman at once, holding 42% of the equity but 85% of the votes through 10-to-1 super shares. You're not buying a stake in SpaceX. You're buying a permission slip to fund it. $TSLA

$WBD just cleared its tallest hurdle: the DOJ waved through Paramount Skydance's $110B takeover with no conditions attached. The combined giant would house HBO, CNN, CBS and Paramount+ at $31 a share in cash. But "DOJ-cleared" isn't "done" — state AGs and Europe still get a vote.

$DAL caught a 3–4% bid with the rest of the airlines as the U.S.–Iran deal sent oil reeling. Jet fuel is the one cost line that can make or break a carrier's entire year — the industry warned it could top $350B in 2026. An airline stock is really the oil tape wearing a logo.

$SPCX is barely 72 hours public and already the most-traded stock on Wall Street. A record $135 IPO, a 19% pop to $161 Friday, then ~6% more premarket near $170 — past a $2 trillion valuation. That's a rocket company priced like the hard part is already behind it.

Oil fell off a cliff this weekend. Brent dropped ~5% toward $83 after the U.S. and Iran agreed to wind down the war and reopen the Strait of Hormuz. The war premium that propped up oil, gold and defense all spring is draining from all three. Peace is a repricing, not a trend.

Wall Street just "discovered" the aluminum squeeze we've been flagging for years. Turns out a shortage only counts once the suits notice their own supply chain is choking. x.com/AngelPubStocks…

$CVX slipped, the rare loser in a roaring market, as Brent crude tumbled toward $89. The same de-escalation that lifted travel stocks pulled the war premium out of crude — and oil majors' revenue moves with the barrel. Energy's the year's hedge; hedges fade when the risk does.

$RTX retreated as the war trade ran in reverse. With Trump calling off strikes and a ceasefire in view, the peace-pop hit the names most levered to the missile-restock cycle — and RTX sits at the sharp end. The drained-magazine shortage story doesn't vanish on one headline.

$CCL sailed ~8% to $28.12 as Brent crude slid to a two-month low near $89. Fuel is a cruise line's biggest cost, so cheaper oil lifts the whole group — though part of Carnival's pop was just clawing back Wednesday's 6% data-breach drop. A travel trade that's really geopolitics.

Wholesale inflation ran its hottest since 2022 — and the Dow rallied ~900 points anyway. The catalyst wasn't prices: Trump called off strikes on Iran and floated a weekend peace deal, so the tape traded the war premium, not the CPI. Chasing a peace headline shows its real hand.

$MU cratered 13% Friday in the Broadcom-led chip selloff, then bounced 10% Monday as the sector staged its best day of 2026. Wells Fargo raised its target and Huang's SK Hynix memory deal validated the thesis. Two sessions is all it took to erase the worst chip day since April.

$GLW spiked 9.5% after Amazon handed it a multibillion-dollar fiber optic deal to wire its U.S. data centers. It's the third hyperscaler mega-contract Corning has landed this year. The AI trade isn't just about chips — it's about everything that connects them.

$MRVL jumped 10% on S&P 500 inclusion, effective June 22. The AI chipmaker builds custom silicon for Amazon, Google, and Microsoft — and $8-10B in forced index buying just hit the calendar. Index inclusion is the one catalyst that doesn't require a beat.

Chip stocks surged 6% Monday, wiping Friday's $1T selloff off the board in one session. Nvidia locked SK Hynix for its next-gen memory and the Iran-Israel ceasefire pulled crude from $97 to $93. Trillion-dollar tantrums don't last like they used to.

$PANW steps into earnings tonight up about 52% this year, with options pricing a ~5.5% swing on the print. The number that matters isn't the headline beat — it's Next-Gen Security ARR, guided near $7.95B. When a stock has run this far, a mere 'meet' can read like a miss.

$INTC slid about 3% while the rest of chips celebrated — because the desktop processor is the one market it still controls, and Nvidia just showed up with an Arm-based rival Dell, HP, and Microsoft already agreed to ship. A turnaround doesn't need a new front.