To The Moon

01 Stock MarketAs of Apr 20, U.S. stock index futures performed as follows: Dow futures fell 0.47%, S&P 500 futures slipped 0.44%, and Nasdaq 100 futures eased 0.43%. The modest pull-back reflects...

The stock market has hit new records despite narrow breadth.The Iran war may or may not be nearing a conclusion. But as far as the stock market is concerned, it's no longer been worth worrying...

It's six months, give or take, since AI excitement drove stock valuations above their 2020 bubble high to reach the highest since 2000, the peak of the dot-com bubble.Something odd has happened since: Valuations, measured as the price-to-earnings or PE ratio, have plunged, while stocks rose to a record high this week.This isn't just unusual. It is unprecedented in data back to 1985. Valuations have never fallen so much over six months without stocks falling too.It helps to understand the basic mechanics of the PE ratio. The most useful version, the forward PE, measures a company's stock price against how much Wall Street analysts on average expect the company to earn in profit over the next year. At its October peak, the S&P 500 PE ratio was above 23.A related way to measure PE is to adjust it for how fast a company's profits are expected to grow. Do this for the eight biggest tech and AI stocks and they were cheaper on the so-called PE-to-growth ratio early this past week than they'v

Big tech stocks fell in overnight trading. Micron, Intel, Microsoft, Oracle, Palantir down 2%; Tesla, Nvidia, Alphabet, Amazon down 1%.

The U.S. naval blockade of Iranian ports took effect at 10 a.m. Eastern time.

$Palantir(PLTR)$ Technologies stock was rising Monday after the software company got some love from President Donald Trump and high-profile technology investor Cathie Wood.Shares jumped 2.2% to...