Adobe is expected to be significantly disrupted by AI, leading to a bearish outlook.
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Did Trump End The Iran War To Save SpaceX IPO?
Jun 12, 2026
The creator discusses the upcoming SpaceX IPO, the potential impact of the Korean stock market on US chip stocks, and concerns about inflation and Federal Reserve policy. They also touch on geopolitical issues related to Iran and the AI narrative crumbling.
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Tickers discussed in this post
Micron earnings are scheduled for June 24th.
Oracle earnings came out bearish.
Broadcom (AVGO) was identified as bearish for the month.
Microsoft is showing oversold conditions on the 2-hour chart, prompting a short-term rebound play with a low-cost butterfly call spread.
A bearish diagonal put spread on Bloom Energy suggests a belief that the stock will crash to around $170 by July 17th.
Virgin Galactic is mentioned as a space stock that previously rallied and is being watched in anticipation of the SpaceX IPO, though its future movement is uncertain.
The creator mentions the potential SpaceX IPO as a catalyst for other space stocks but advises caution, suggesting it might be better to wait and buy SpaceX directly if interested.
Unusual options activity shows a $1 million bet on Echoar (SATS) calls expiring tomorrow, anticipating a significant rally possibly linked to the SpaceX IPO.
The creator references Tesla cultists as an example of investor behavior that could drive demand for the SpaceX IPO.