Government and Society

SpaceX Erupts In After Hours Trading, Soaring Above $210 And Surpassing Apple's Market Cap After a relatively calm first day of trading, the gamma squeeze crew has finally sniffed out that SpaceX's float makes it a perfect candidate for an OTM-call option driven meltup, and the stock soared ~20% today, adding over $400 billion in market in the regular session. Commenting on the move, Vanda Track earlier noted that SpaceX topped the leaderboard as the most bought stock by retail investors for a second consecutive session, with net buying potentially set...

Crestfallen Commie Mamdani Abandons Planned Property Tax Hike On New Yorkers Looks like NYC's communist mayor has had second thoughts about extracting more taxes by raising New Yorkers' property taxes - something he vowed to do to help close a two-year deficit. According to Bloomberg, the decision to drop the tax hike will be included in Mamdani's executive budget released today, which will mark the latest version of his spending plan for the fiscal year beginning July 1.  This is separate from a tax on second homes (the so-called pied-à-terre) that was initiated by...

These Are The Biggest Pain Trades Last week saw renewed skepticism in the AI narrative, this week there is growing skepticism to the semiconductor narrative. A multitude of reasons from leveraged single-stock ETFs to a too hawkish Fed were apparent in explaining renewed Tech weakness. Indeed, despite Micron’s post earnings rally, which has now fully faded, much of the broader tech sector did not bounce back as might have been expected. In a note laying out the biggest pain trades in the market currently, titled appropriately "The Biggest Pain Trades" (available...