$SPDR S&P 500 ETF Trust(SPY)$ Oil looks set to get pushed higher, which could shake a lot of people out of their positions. Markets might dip a bit more, then oil comes back down, and good news follows with a strong rally.
$CoreWeave, Inc.(CRWV)$ A lot of amateur shorts have been pushing false narratives about CRWV, apparently hoping their poorly timed short positions near the bottom will move a bit lower. Meanwhile, futures are surging, and $165 price targets are still being reiterated. From here, CRWV looks like it's set to move higher, possibly much higher.
$CoreWeave, Inc.(CRWV)$ I've been reading everything I can on the debt and financing concerns, and I think the market may be throwing the baby out with the bathwater here. Truist still has a Buy with a $165 target, and they're pointing to something that seems to be getting overlooked: a huge backlog, real operating scale, and customer prepayments on roughly 70% of recent deals. That last part matters because upfront customer money means less dependence on outside financing. Does CRWV have debt? Absolutely. Is the capital structure something to watch closely? Absolutely. But there's a big difference between being highly leveraged and having a failing business. Jensen Huang says CRWV's cost of capital is actually decreasing, Cantor calls this o
CoreWeave is building the backbone of the AI era. A roughly $100B backlog, blue-chip customers like Microsoft and Meta, and investors lining up to fund the buildout. Demand for AI compute isn't slowing, and CoreWeave is where the GPUs are. Record demand, a massive contract backlog, and a fresh $3.7B+ raise that investors upsized. The AI buildout is just getting started. $CoreWeave, Inc.(CRWV)$
$SPDR S&P 500 ETF Trust(SPY)$ XAUUSDGold bulls are testing the first support level. It needs to hold here, or we could be looking at the 4150 area again.
$SPDR S&P 500 ETF Trust(SPY)$ The daily candle looks rough, but technicals, price targets, resistance, support - none of it seems to matter right now. The only thing that matters is crushing puts.
$SPDR S&P 500 ETF Trust(SPY)$ Looking at the 1 min chart, we're seeing a lower low here. If the 20 SMA at 779.55 holds as resistance, it could lead to a pullback. However, the setup remains bullish above the 20 SMA.
Equity markets hit a new all-time high, but the Seasonal ETF (HAC) we used to manage until 2015 is sitting 90% in cash and equivalents. It's now at new all-time relative lows versus the S&P 500 Index, which says a lot about how poorly that approach has played out. Our work has pointed toward pushing back against seasonal negativity at this point in the year, and the portfolios we manage are fully invested in stocks. SPX $SPDR S&P 500 ETF Trust(SPY)$