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Laurie’s Abbreviation Index:

** ‘div’ – dividend

** ‘m/m’ – month over month

** ‘y/y’ – year over year

** ‘Inven’ – inventories

** ‘mfg’ – manufacturing ** +/- – plus or minus, positive or negative

** Underlined text – higher volume premarket

** ‘d’ – day

** ‘Y’ – year

**govt – government

Color Key: Positive – Neutral – Negative

Global Markets:  USA, Europe, Japan, China, Hong Kong – positive set-up

      •        Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin

      •        Yields: 30Y Bond +0.0%  Currencies:  USA$-0.15% CAD -0.03% YEN -0.05%  BTC/USD+0.31%  Vix:18.6

      •        Events USA
Stock News:ADBE-7.7%    Earnings
Equity:USA and global indices higher after Trump tweeted the 39th “close to a deal” after escalating attacks on Iran. Usual reaction has been oil lower, US$ lower, yields lower and equities higher with small caps and interest sensitive names bouncing the most. Sceptics suggest the latest tweet intent was to support SpaceX IPO with 20% retail orders. The “deal” is a MOU as a preamble for discussion and reopening of SoH with sticky points being USA releasing frozen funds and Israel to stop attacking its neighbours. Until the next missile barrage, market can party and high short interest companies can outperform. MAGS are led by GOOGL whose SpaceX investment  (6-7% ) is worth $100B and GOOGL also is invested in Anthropic which will be IPOing this year. MSFT which is now below the put wall is higher as software is outperforming semis which had a massive move Thurs. Semis are flat with NVDA AMD higher but memory is lower with MU lower. The sector ETFS leading are: Space (ARKX, UFO) with RKLB SATS higher; XME, GDX with metal higher with lower US$.  Reaction to space names once SpaceX starts trading is worth watching.  The lower US$, yields lower trade is very dependent  on whether the USA will accept the Iranian terms which are unchanged since April and whether the 40th “close to a deal” is coming. SPX 7400 is a pivot level to watch with positioning indicating upside resistance 7500/25 and downside target 7325/00. Volatility is expected once SpaceX starts trading as some names may be sold to free-up cash to buy SpaceX. High retail exposure can increase volatility. NBIS, ALAB, CRWV, RKLB, TER being added to Nasi100

Stock GOOGL AMD NVDA     MRVL ADBE   Speculative SATS NBIS CRWV  SMCI
Indices ARKX UFO XME GDX AIPO MAGS GDX QTUM  USO UNG ETHE XLE TLT GLD

S&P500  SATS GOOGL AMD CCL AMZN NOW TSLA MSFT ADBE SMCI DOW

Other SHAZ SATS NBIS LI CRWV RKLB ARM USAR NOK NVTS DXYZ AAL    STM MRVL RDW LUNR MU

RKLB

RKLB is a space company which will be added to the Nasi100 June 22. RKLB popped Thurs with the Trump tweet and currently pulling back premarket. RKLB can be affected by the SpaceX IPO with potential that SpaceX inclusion in space related ETFs like UFO would lead to rebalancing but once SpaceX is trading, RKLB can benefit from Nasi inclusion. Short term volume support 115 and call wall 120. Above 120, the call positioning can lead to 130-150. Speculative stock so treat accordingly.