SK Hynix Joins Trillion Dollar Club As Korean Stocks Echo Nasdaq's 1999 Meltup

Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List Ferrari is reportedly using its first-ever EV, the Luce, a €550,000 model that looks more like a cross between a Tesla and a Kia, as a loyalty test inside its highly coveted allocation system. Ferrari's allocation system is a notoriously exclusive, invitation-only process managed directly by the factory in Maranello. Rather than using waitlists, Ferrari curates ownership by evaluating a buyer's loyalty to the brand, requiring customers to build a multi-million-dollar history of ownership, participate in factory...

Short-Covering Rally... Or Something More? Authored by Lance Roberts via RealInvestmentAdvice.com, ▶ WEEK CLOSE:  S&P 500 7,126.06 (+1.2%)  |  Nasdaq 13-Day Win Streak (longest since 1992)  |  Russell 2000 New ATH  |  Brent Crude -9.1%  |  VIX 17.42 What began as a short-covering rally on April 7th has spent the last two weeks proving the bears wrong. Friday’s close at 7,126, the first finish above 7,100 in the index’s history, up 13.1% from the March lows, arrived alongside one of the most consequential single-session catalysts of the year. Iran declared the Strait...

TACO Vs TAW: Fade This (Equity) Rally Authored by Peter Tchir via Academy Securities, Ceasefire? The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire. Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday). Stock futures and treasuries are rebounding as well (even the 2-year, after the drubbing it took after yesterday’s auction noticeable for an absence of “direct” bids). Many of the Polymarket Strait of Hormuz “prediction”...