SpaceX IPO, Iran Deal, and a Knicks Title Walk Into a Bar — Markets Are Having a Moment
Social sentiment is screaming risk-on as geopolitical relief, a historic IPO, and sector rotation all collide in the same weekend
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| MSGS Madison Square Garden Sports Corp. | buy | $384.50 | — | — | — |
| KR KROGER CO | sell | $64.70 | — | — | — |
| DKNG DraftKings Inc. | hold | $29.00 | — | — | — |
| WMT Walmart Inc. | buy | $120.85 | — | — | — |
| AMZN AMAZON COM INC | buy | $238.66 | — | — | — |
| GLD SPDR GOLD TRUST | buy | $386.54 | — | — | — |
| USO United States Oil Fund, LP | sell | $125.43 | — | — | — |
Let's set the scene: $SPXL territory. The S&P 500 and NASDAQ held their weekly 12 EMAs through last week's historic volatility — Tuesday's 4-hour selloff was second only to COVID-era carnage — and then immediately face-planted the bears with a falling wedge reversal. TheChartGuys flagged it in real time: no bear follow-through, XLF and XLV holding firm, and financials now printing multi-month highs. That's not a broken market. That's rotation.
Then the weekend happened. SpaceX debuted on Nasdaq raising $75 billion, closing at $161/share (priced at $135, four-to-five times oversubscribed), and handed Elon Musk the world's first trillionaire title — which is either inspiring or deeply unsettling depending on your therapist's availability. Meanwhile, a US-Iran nuclear deal is reportedly 85% likely per senior US officials, crude is breaking down technically below recent lows, and QQQ and the S&P ripped 2.5% on the Iran deal headlines alone. New Fed Chair Kevin Warsh is stuck in a no-win situation between Trump's rate-cut pressure and a three-way FOMC civil war, but right now nobody's reading the Fed minutes — they're too busy buying the dip.
The Magnificent 7 and software names like IGV are showing rotation fatigue while money floods into financials — and if you think the SpaceX IPO is the last shoe to drop, OpenAI and Anthropic are lining up behind it with a combined potential passive-fund demand of $4 trillion. The Knicks won their first title in 53 years. Iran might actually sign something. Stranger things have happened — but not many.