S&P 500 closed Friday at 7,230.12, up +0.29%. A modest move, but notice what happened beneath the surface: tech held firm while geopolitical noise about Iran and the US kept oil trading nervously at $118 (Brent crude). Markets are learning to separate signal from noise.
The real story this week is inflation data and what it means for Fed rate cuts. Core inflation still around 2.6% β below the headline mess of 3.3% driven entirely by energy. Powell's last FOMC this month will signal how serious the Fed is about the pivot markets are pricing in. If they cut, tech leads higher. If they pause, volatility shows its teeth again.
$NVDA (Nvidia) trades the infrastructure narrative hard. Q4 fiscal 2026 revenue hit $68.1 billion, up 73% year-over-year. That's not a slowdown. But the real risk is valuation compression if the AI capex cycle moderates even slightly. Watch guidance, not just beats.
$INTC (Intel) broke out this week because the duopoly myth is finally cracking. Margins are stabilizing. The foundry business takes time, but the data doesn't lie β competition works. Earnings are real, multiples are fair. That's the kind of rally that sticks.
$AVGO (Broadcom) is the "pick and shovel" play β every AI buildout needs switching infrastructure between data centers. Less flashy than the GPUs, but the revenue is steady and growing. This is where margin expansion lives.
$SPY (S&P 500 ETF) is holding strong on the tape. The broader market is saying: "We believe in the Fed pivot, we believe earnings are solid, and we're buying the dip mentality." The technicals support it β no break of recent support. Conviction is there if the data stays intact.
$EuroOIL (Brent crude) dances around $118. The US-Iran standoff keeps the risk premium priced in. When it stops oscillating, direction clarity returns.
My read: Markets aren't panicking because the data hasn't broken. Earnings are holding. Inflation is manageable. Fed has an off-ramp. Until one of those three cracks, pullbacks are gifts, not bear markets.
Stay disciplined. The plan doesn't change on headlines.
Not Financial Advice.... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
Great market read, clear focus on what matters beyond the headlines. ππ... Show More
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Sun Jun 07 2026 01:13:51 GMT+0000 (Coordinated Universal Time)
