Today was one of the biggest red days in a while, the tree was shake for sure. Tech and semi's did get a standard reality check.
But..
minus $1.4 trillion in S&P500 value
minus $1.11 trillion in NASDAQ value
minus $1.0 trillion in Gold value
minus $280 Billion Silver value
Expected...
\+$1.5Trillion SpaceX ipo
\+$1Trillion Anthropic ipo
\+$1Trillion+ Open AI ipo
At the end of the day the books always balance, the orders are queued and cash has been set aside for new high profile names looking to take the spot light . Im not sure SpaceX is worth $1.5T, Anthropic is worth $1T and Open AI is worth $1T+ but we are moving into a new phase of the AI trade and market momentum. The wave of high profile ipo's will surely be interesting. Im sure the Fed meeting coming up had a factor in all of this but there is a lot of positive momentum going forward. I think all the news is priced in at this point, the market needs to go through a price discover phase. CEO's of leading AI companies are meeting in Washington next week, should be a high profile week. Maybe Uncle Same adopts AI, after all he is one of the biggest employers and there are ALOT of areas for improvement.
See you Monday, im expecting a green day.