Stocks Are in the Black For the Week--How Did That Happen?
The abridged version of this week is that all three major indexes nabbed weekly wins, though the longer story is much more complex.
Market News
Bitcoin's $60K Floor: How Crypto Bear Market Sets New Bull Foundation
Bitcoin is experiencing a "classic bear market," says @CharlesSchwab 's Jim Ferraioli. as the cryptocurrency continues a 50% fade from all-time highs.
Data Center Boom Fuels Renewables Deals; AI Drives Corporate Venture Investment
Private equity investment in US renewables rose sharply in 2025 as the energy sector raced to keep up with soaring power demand from data centers. Global corporate-backed private equity and venture capital firms invested US$369.28 billion in M&A deals and funding rounds through May 31 this year, nearly equaling the full-year 2025 total of US$371.92 billion.
Buy The Dip: 5 Top Nasdaq AI Stocks
The Nasdaq rebounded after a selloff that hit a broad range of tech stocks, including AI infrastructure companies with strong fundamentals. The tech sector's strong earnings growth and guidance have been overshadowed by macro, geopolitical, and AI bubble concerns. McKinsey estimates that AI data center spending could total $5.2T by 2030, benefiting providers of semiconductors, networking equipment, and power technologies.
Token Spending Crashes: AI In Trouble?
AI token spending is declining as the subsidy era ends and compute-metered billing takes hold. This shift signals a maturing market, with price now balancing supply, demand, and resource allocation.
AllianceBernstein: Value And Income When The Market Has Neither
AllianceBernstein offers a compelling value proposition, trading at 11x earnings with a ~9% yield in an expensive market. AB's diversified business model, global footprint, and no-debt balance sheet provide stability and multiple fee streams across institutional, retail, and private wealth channels. The distribution is variable but well-covered by operating cash flow, offering tax advantages and a steady income profile for patient, long-term investors.
Consumer Sentiment Improves Slightly in June but Remains Sluggish
The Michigan consumer-sentiment index bounced off its all-time low set in May to rise to 48.9 in the initial June reading, from 44.8 a month earlier.
Venezuela says oil spill from Trinidad and Tobago could hurt fishing, environment
Venezuela's government said on Friday that an oil spill originating from Trinidad and Tobago is putting at risk fishing in the region, as well as the environment.
Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Could Drift into the Weekend
US indices continue to see noisy trading, but they could simply drift into the weekend, with all of the potential headline risk.
Mizuho Financial: Spotlight On Capital Preservation And Rate Hike Potential
Mizuho Financial Group remains a Buy, based on my assessment of its rate sensitivity and capital return outlook. MFG stands to benefit most among Japanese megabanks from a likely Bank of Japan rate hike. Mizuho has prudently invested in Rakuten Bank via a share swap rather than a direct cash infusion. This means that it retains financial capacity for future buybacks and dividends.
Opportunities And Risks In The AI Ecosystem
We are in a transformative AI investment cycle reminiscent of the 1990s internet buildout, with broad index exposure and risk of speculative excess. Vistra Energy offers a compelling entry point, trading at 11x forward earnings and positioned to benefit from surging AI-driven power demand.
SpaceX Debut Likely Marks An Intermediate Top
The SpaceX IPO is expected to surge above $135, potentially reaching a $2 trillion market cap, but it may mark a short-term market top. Recent geopolitical headlines and market jawboning raise skepticism about sustained risk-asset rallies, especially as Iran rejected U.S. deal claims.
Week Ahead for FX, Bonds: Fed, BOE Among Slew of Central Bank Decisions
The Fed and BOE are both expected to leave rates unchanged but the focus is on whether they will leave the door open to the possibility of hikes later this year.
We May Have Peace In The Middle East But High Inflation Is Here To Stay
A potential peace deal in the Hormuz oil crisis could trigger a sharp, short-term market rally. Despite a possible deal, inflation is expected to remain elevated and normalization of oil flows may take months.
SpaceX To The Moon Or To The Ground? Watch 187.60 And 161.00
SpaceX's historic US$75 billion IPO marks a major milestone for global equity markets, with the company debuting at a valuation approaching US$1.8 trillion and positioning itself as a future top-weight constituent of the Nasdaq 100. Despite overwhelming investor demand and heavy oversubscription, the SpaceX grey market remains technically fragile, with the SPCX/USDT perpetual contract still trading within a medium-term descending channel since its launch in May.
SpaceX IPO: A Space Stock Bonanza With Risks
SpaceX's anticipated $1.75T+ IPO will add over 50% to the aerospace and defense industry's enterprise value, creating substantial rerating potential for space names. SPCX's valuation leans increasingly on AI and connectivity, with space operations becoming a smaller portion of the premium versus aerospace and defense peers.
Brace For A Hawkish Turn And A Deeper Selloff - June Fed Meeting Preview
The Fed is expected to make a major hawkish turn, from a policy normalization to a policy tightening further into the restrictive area, consistent with Fed Funds futures expectations. Over the near term, this could exacerbate the unfolding selloff in the S&P 500 via a PE multiple contraction.
XLK After The Record Rally (Video): Why I'm Moving To Hold (Rating Downgrade)
XLK is downgraded to Hold after a historic 48.9% rally, with current valuations echoing 1999 but underpinned by stronger earnings growth. XLK trades at a 28–30x forward P/E, with constituents expected to deliver 43% earnings growth in 2026 and 24% in 2027.
Markets Stay Risk‑On Despite Alarming Headlines
Maintaining a bullish outlook on markets has become an emotionally challenging affair in recent history, but the crowd continues to look through the constant flow of troubling news and concludes that it's still reasonable to stay the course. From a global asset allocation perspective, an aggressive strategy [AOA] relative to its conservative counterpart [AOK] offers a useful starting point.
Raining On The Russell 1000's Parade
The Russell 1,000 is down more than 3% since its June 2nd high, but several of its biggest losers have lost more than a fifth of their value. In just a week, Ciena has tumbled almost 30%, making it the biggest loser in the index after a 168% upswing on the year before the 6/2 close.
