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On today’s show, we discuss:
Listen here:
Charts:
Recommendations:
Tweets/Bluesky:
UPDATE:
Nasdaq at 875 trading days after the release of Netscape on 12/19/94: +144.55%.
Nasdaq at 875 trading days after the release of ChatGPT on 11/30/22: +144.77%.
Past performance is no guarantee of future results! pic.twitter.com/QOMeyyZeHQ
— Bespoke (@bespokeinvest) May 28, 2026
S&P 500 SENTIMENT
Despite many expecting a seasonal top, retail traders are still jittery.
The 2% pullback in mid-May forced big inflows into cash/money market ETFs.
Positive price momentum + defensive flows is not something you typically see at tops. pic.twitter.com/UgJEGNkQWU
— Warren Pies (@WarrenPies) May 31, 2026
The 2x SK Hynix ETF (7709) in Hong Kong has grown aum 10x this year and is now the 3rd biggest ETF in that market, accounting for 8.5% of all the assets. That’s insane. It would be like an ETF in the US having $1.3T, which doesn’t exist. It also trades over $1b/day (which is US… pic.twitter.com/uo6xenH1lm
— Eric Balchunas (@EricBalchunas) May 27, 2026
Quite the gap … the S&P 500 continues to look stretched relative to its 200d moving average (white) yet the % of members trading above their 200d moving average (blue) continues to struggle to move higher pic.twitter.com/3qzyccOG0N
— Kevin Gordon (@KevRGordon) June 2, 2026
This is stunning.
Personal savings rate April 2025: 5.5%
Personal savings rate April 2026: 2.6%That’s a sharp plunge.
It underscores how squeezed Americans are right now with higher prices and incomes not keeping up.
Maybe you can explain some of this away by Baby Boomers… pic.twitter.com/mUaBISDxJm— Heather Long (@byHeatherLong) May 28, 2026
The plunge in the saving rate isn’t just about inflation. It’s also because wealth growth allows for lower monthly savings.
Boomers’ trillions isn’t going to spend itself! pic.twitter.com/ZC5V45dBbD
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) May 29, 2026
Increasingly think the only options for the AI labs are to end up in prison or as government employees
Rhetoric and outcomes they are pushing for are completely incompatible with current society
They are either 1) wrong 2) enemies 3) consumed https://t.co/VHzdlGEAJn
— BuccoCapital Bloke (@buccocapital) May 30, 2026
$AMC – AMC ENTERTAINMENT – RECORDS HIGHEST MAY ATTENDANCE SINCE 2019
— *Walter Bloomberg (@DeItaone) June 1, 2026
“Star Wars: The Mandalorian and Grogu” earned just $6.5 million on its second Friday in North American cinemas, an 70% drop from its opening day.
While initial projections saw the Lucasfilm western grossing $40 million by Sunday, that number now looks closer to $25 million,… pic.twitter.com/eWG7Rgb5gc
— Variety (@Variety) May 30, 2026
A24’s best opening weekends:
1. Backrooms…………….$81 million
2. Civil War………………..$25.5 million
3. Marty Supreme…….$17.5 million
4. The Drama……………$14.4 million
5. Hereditary…………….$13.6 million(Variety, Deadline)
— Morning Brew ☕️ (@MorningBrew) May 31, 2026
Sean Fennessey Apex Mountain pic.twitter.com/I3aYBL6LMA
— Gracie (@graciem120001) June 1, 2026
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