To The Moon

Reddit dropped a bombshell after the US market closed Thursday — and by the time most of us woke up, the stock had already popped 11%. But the real story isn't Reddit — it's what index inclusion says about how the whole market works, and why the "boring" S&P 500 ETF in your portfolio might be doing more for you than any stock pick ever will. [Miser] Hey Tigers, Let's Talk About the $Reddit(RDDT)$ Pop $Reddit(RDDT)$ is joining the S&P 500. S&P Dow Jones Indices confirmed the change will take effect before trading opens on August 18, 2026, and the stock jumped over 10% in after-hours trading within minutes of the announcement Thursday evening US time. Reddit is st

Hello. The last of this week's AI hardware papers came in overnight, and both were sold. $Applied Materials(AMAT)$ earned US$3.50 a share, ahead of forecasts, grew revenue 25 per cent year on year, said AI-related demand hit a record, and guided next-quarter revenue above Wall Street expectations. It closed down 2.48 per cent and fell another 5.13 per cent after hours, to US$507.11. $Coherent(COHR)$ was starker. Its report the previous evening beat on both lines — earnings of US$1.74 a share against US$1.6474 expected, revenue of US$2.046 billion against US$2.025 billion — and it closed down 7.99 per cent yesterday at US$327.23, giving back the whole of the prior day's 8.24

What deserves the most attention in the U.S. equity market this week is not the movement of the S&P 500 Index itself, but rather the structural changes taking place within the index. From a valuation perspective, the S&P 500’s overall price-to-earnings ratio remains at a relatively elevated level. Valuations in information technology, real estate, industrials, health care, and other sectors are all materially above the broader market, indicating that U.S. equities as a whole still lack a clear valuation cushion. From a fund-flow perspective, SPY has recorded cumulative net inflows of approximately USD 21.6 billion since July, but fund-flow divergence across sectors has become increasingly pronounced. Capital is not simply leaving the equity market; rather, it is being reallocated a