I am watching the price of oil like a hawk. A barell price over $100 could send the fragile improving economic outlook back into a downward spiral. If the war is prolonged (over four weeks), it will drive inflation, causing central banks to pause rate hikes. Paused or even higher interest rates would push us into a global risk-off environment. Good for gold, bad for crypto and high-beta stocks.

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. Tomorrow’s FOMC meeting will be Kevin Warsh’s first as Fed Chair, and the market will be watching closely to see how he frames inflation, rates, and the path toward potential cuts. One major tailwind is that oil came down to $77 today, which helps ease inflation pressure and lowers the risk of another energy-driven CPI spike. If Warsh acknowledges that cooling oil prices are helping the inflation picture, it could give markets more confidence that the Fed has room to turn less restrictive over time. 2. The 2x SpaceX ETF had more than $3 billion in volume today versus about $1 billion yesterday. Nearly every product is already around $100 million or more in volume, while $SPCH led the pack with $1.3 billion traded, reportedly the highest Day Two volume ever recorded for an ETF, far above $IBIT’s roughly $500 million. SpaceX also officially announced plans to acquire Cursor parent company Anysphere for $60 billion. Ahead of the $SPCX IPO, Gwynne Shotwell described the relationship as a close AI collaboration, saying both companies were evaluating each other’s models and that Cursor’s training data was “excellent,” while SpaceX brings major compute capacity. 3. Wells Fargo raised its year-end 2026 $SPX S&P 500 target to 7,950, citing several supportive market factors. The firm pointed to a reset in investor sentiment following the Nasdaq 100 selloff, an improving setup for CTA buying, easing macro risk after the peace deal, continued supportive liquidity, and a higher 2026 EPS forecast of $340. 4. The top 10 most active options today by contracts traded were $TSLA with 2.0M contracts, $NVDA with 1.8M contracts, $SPCX with 1.7M contracts, $AAPL with 881K contracts, $INTC with 648K contracts, $NFLX with 573K contracts, $MU with 559K contracts, $AMZN with 511K contracts, $MSFT with 486K contracts, and $SOFI with 477K contracts. Tesla led the market with more than 2.0M options contracts traded, followed by Nvidia at 1.8M and SpaceX at 1.7M. 5. $AAPL Apple reportedly plans to launch camera-equipped AirPods in late 2027, according to Bloomberg. The cameras are not expected to be used for taking photos or videos, but instead to help Siri understand the user’s surroundings and provide more visual context. The new AirPods could debut around the same time as Apple’s second-generation foldable iPhone and its 20th-anniversary iPhone. 6. Microsoft $MSFT is reportedly moving Copilot Cowork to a usage-based pricing model and may introduce a Microsoft-hosted DeepSeek model as a lower-cost AI option for enterprise customers, according to Bloomberg. The cheaper model is expected to roll out in the coming weeks as Microsoft looks to give businesses more flexible and affordable AI tools. 7. Foreign investors sold another $801 million worth of Kospi-listed shares on Monday, adding to the $10 billion in outflows seen last week. According to Goldman Sachs, foreign investors have now sold South Korean stocks every trading session over the past month, bringing year-to-date net sales to roughly $75 billion. Meanwhile, domestic retail and institutional investors have absorbed much of the selling, buying about $69 billion over the same period. 8. The Financial Times reports that the Trump administration is considering a deal framework that could include sanctions relief and a $300 billion private-sector reconstruction fund for Iran if Tehran agrees to a final nuclear agreement and maintains peace. The fund would reportedly depend on Iran’s compliance and be financed by companies rather than governments, with potential interest from businesses in Europe, Asia, and the U.S. because of Iran’s large population and energy resources. If accurate, the proposal would effectively act like an economic rebuilding package for Iran while also opening the door for U.S. and global companies to enter the Iranian market if sanctions are lifted. 9. Robinhood $HOOD plans to cut about 10% of its workforce, or roughly 290 roles, as the company looks to operate more efficiently and flatten management layers. CEO Vlad Tenev said Robinhood’s business “has never been stronger,” but emphasized that the company cannot operate as a heavily layered organization and needs to remain a lean, hyper-focused team. 10. SoFi CEO Anthony Noto purchased 13,888 shares of $SOFI at $18.06 per share, spending roughly $250,000 on the open-market buy. Following the purchase, Noto now owns 11,960,507 shares of SoFi, worth about $211.8 million. 11. Snap $SNAP launched standalone consumer AR glasses priced at $2,195, but the stock was down 10% on the day. The glasses do not require a phone, puck, or tether and feature a 51° field of view with transparent LCoS displays, up to four hours of mixed use plus four extra charges from the case, electrochromic lenses that tint outdoors, and a built-in AI assistant that can see what the user is looking at. Snap has spent 11 years and more than $3 billion trying to make AR glasses a mainstream product. 12. Amazon $AMZN plans to invest several billion dollars to build a new data center campus in Montgomery County, Missouri, creating more than 400 full-time data center jobs, thousands of construction roles, and funding upgrades to local road and water infrastructure. WALL STREET IS THE GREATEST SHOW ON EARTH.

$HIMS STANDS TO GET A BIG CHUNK OF $2.2 BILLION PEPTIDES MARKET -BARRON'S ACCORDING TO LEERINK, $HIMS COULD TAKE 20% OF THE MARKET ($440 MILLION) 🤯 Interestingly, Leerinks expects 2027 peptides sales to be lower than 2026 sales with health providers taking "a more narrow approach to prescribing"

Tesla and SpaceX over the next few months: • June 18: CRSP index inclusion for SpaceX. Triggers an estimated $4-7B in forced buying by passive funds. • June 18: FTSE Russell index inclusion for SpaceX. Triggers an estimated $6-9B in forced buying by passive funds. • June 26: MSCI index inclusion for SpaceX. Triggers an estimated $3-5B in forced buying by passive funds. • End of June: HW3 Tesla owners get FSD V14 Light. Expect possible delays. • July 2: Tesla Q2 vehicle and energy storage delivery report. • July 6: NASDAQ 100 index inclusion for SpaceX. Triggers an estimated $8-12B in forced buying by passive funds. • Late July: Tesla Q2 earnings call. • Early-mid August: SpaceX Q2 earnings call, their first earnings call as a public company. • 2 trading days after SpaceX's Q2 earnings released: 30% of eligible insider shares unlock (equates to 12% of all outstanding shares). NOTE: Since only about 40% of all outstanding shares are eligible for early release lockups, that 30% above equates to 12% of all outstanding shares. Elon's shares, board member shares, and some others, are subject to an extended lockup of 366 days. Together, the shares subject to these extended lockup restrictions represent 60% of SpaceX's outstanding shares. • August 21: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares). • September 10: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares). • September 25: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares). • September: Indexes rebalance. SpaceX will then have a higher weighting in those indexes due to an increase in the public float from insider shares being unlocked. Passive funds would likely need to purchase billions of dollars worth of additional shares to bring their holdings in line with the new index weight. • October 2: Tesla Q3 vehicle and energy storage delivery report. • October 12: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares). • October 26: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares). • Late October: Tesla Q3 earnings call. • Early-mid November: SpaceX Q3 earnings call. • 2 trading days after SpaceX's Q3 earnings released: 28% of eligible insider shares unlock (equates to 11.2% of all outstanding shares). • December 9: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares). • December: Indexes rebalance again. SpaceX will then have an even higher weighting in those indexes due to an increase in the public float from insider shares being unlocked. Passive funds would likely need to purchase billions of dollars worth of additional shares to bring their holdings in line with the new index weight. (The Cursor acquisition will likely affect these lockup percentages slightly)

I made a post about $HIMS when it was sitting around $15. Since then, the stock is up over 100%. And honestly, I still think this is just the beginning. The market is finally starting to understand the bigger picture: 1) Consumer health 2) GLP-1 reset 3) Peptides 4) International expansion

🚨 $HIMS AND HERS ARE **BOTH** AHEAD OF RO ON THE iOS APP STORE FOR THE FIRST TIME IN MONTHS Hers: #14 Hims: #20 Ro: #21

US-Iran war is finally over. Peace deal will be signed in 4 days. Oil crashed to a 2 month low of $80. Stocks back near all time highs. Can we finally send crypto higher ?

I'll buy Space X after 12 months.

I strongly believe $LMND has the potential to become a long-term 10x. Here is the actual 10x math: $LMND currently has a market cap of roughly 4.4B. A 10x would value the company at approximately: $4.4B × 10 = $44B With approximately 76M diluted shares, that would translate to roughly: $44B ÷ 76M shares = $579 per share Dilution could lower the eventual per-share result, but that is the general target required for a 10x from today’s valuation. So how could $LMND ever justify a $40B–$45B valuation? Start with the operating momentum. In Q1 2026: - Revenue reached $258M, up 71% YoY - Gross profit reached $100M, up 159% - In-force premium reached $1.33B, up 32% - Customers reached 3.14M, up 23% - Gross loss ratio improved from 78% to 62% - Adjusted EBITDA loss narrowed from $47M to $17M - Net loss improved from $62M to $36M Revenue is growing much faster than operating expenses, which increased only 25%. That is the operating leverage investors have been waiting to see. $LMND now expects approximately $1.2B in 2026 revenue and $1.63B–$1.64B in year-end in-force premium, while targeting positive adjusted EBITDA during Q4 2026. But the long-term opportunity is much larger. Management has laid out an ambition to eventually reach approximately $10B in premium volume. Growing from $1.33B of IFP to $10B would mean increasing the insurance book by roughly: $10B ÷ $1.33B = 7.5x At 25% annual growth, that would take approximately nine years. At 30% annual growth, it would take approximately seven years. That is aggressive, but $LMND IFP is currently growing above 30%, and the company is still small relative to the overall homeowners, renters, pet and auto insurance markets. Now assume $LMND eventually produces $7B–$8B in annual revenue from that larger premium base. At a mature adjusted EBITDA margin of 12%–15%, it could generate: $7B × 12% = $840M EBITDA $8B × 15% = $1.2B EBITDA Apply a premium 35x–40x multiple to a profitable insurance platform still growing faster than traditional insurers: $840M × 35 = $29.4B $1.2B × 40 = $48B That produces a potential valuation range of approximately $30B–$48B. The upper end is around the level required for a 10x. This is where AI matters. $LMND is not simply adding a chatbot to a traditional insurer. Its technology is integrated throughout the operating model: - AI helps determine which customers to target - Pricing models improve as more claims and behaviour data enter the system - Automated claims reduce the cost of servicing smaller, frequent claims - Direct distribution removes much of the traditional broker infrastructure - Automation allows premium volume to grow without headcount increasing at the same rate $LMND recently reached approximately $1M of IFP per employee, nearly tripling that figure over four years. Management has also maintained roughly a 3:1 lifetime-value-to-customer-acquisition-cost ratio, even while aggressively increasing growth spending. That is the structural advantage. More customers create more data. More data can improve pricing and risk selection. Better underwriting lowers loss ratios. Lower loss ratios expand gross profit. Automation allows that gross profit to scale without expenses increasing proportionally. The 10x thesis is therefore not “AI hype.” It requires Lemonade to: - Continue compounding IFP around 25%–30% - Keep its loss ratio near the low-to-mid 60% range - Reach and sustain EBITDA profitability - Scale Car without destroying underwriting discipline - Control customer-acquisition costs - Limit dilution - Eventually approach $7B–$8B in revenue and approximately $1B in EBITDA The path is now visible.

Just launched LTV13, our most capable prediction model ever. Version 13 sharpens Car prediction specifically, giving our systems a much clearer view into the future: with higher resolution down to the individual policy, and up to 57% better precision than the previous model.

🚨 Tesla Texas Unsupervised Robotaxi Fleet Update According to TxMCCS, Tesla’s unsupervised Robotaxi fleet in Texas is growing quickly. May 29: 42 vehicles June 5: 51 vehicles June 9: 59 vehicles June 10: 69 vehicles Since May 29, the fleet has increased by 27 vehicles, or roughly 64%. Tesla’s Robotaxi expansion appears to be gaining momentum.

🇳🇱🇱🇹🇪🇪 🇩🇰

$TSLA - TESLA: FSD SUPERVISED NOW APPROVED IN DENMARK

BEARISH BETS ON U.S. STOCKS HIT HIGHEST LEVEL SINCE 2008 FINANCIAL CRISIS

🚨 $HIMS SALES ARE OFFICIALLY RE-ACCELERATING Web traffic is at all-time highs Weekly transactions and customers BOTH at all-time highs Here's our new Q2 revenue prediction (including international!) full Hims Data Tracker: (link below)

Tesla will start delivering the $59K Cybertruck Dual Motor AWD in less than two weeks, on June 21.

A good time to add more dots.

The biggest mistake people can make is assuming an IPO is automatically a buying opportunity since an IPO is usually just a liquidity event. Some of the best buying opportunities come from waiting a year after an IPO when the hype fades

RT @GrindeOptions: HUGE NEWS: $TSLA has just applied for their Robotaxi permit in the state of Nevada that will allow up to 5,000 Robotaxi…

$OPEN All eyes are on @Opendoor 👀 👌 🔥 🤯 🥵 Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the 10 Stocks That Have the Potential to Rise 1000%

JUST IN: Trump announces he will meet with AI leaders next week to discuss possible U.S. government investment in their companies.