Weekly Market Report 6/14/26
SpaceX IPO winners, Anthropic drama beneficiaries, a base that looks like ARM, my trading portfolio, and much more.
The deal between the U.S and Iran is scheduled to be signed today.
Could that change? Yes, things change quickly in this environment.
But it feels like the narrative from both sides has been much more constructive than it’s been in quite some time. This could be the finish line.
On top of that, the market absorbed the SpaceX IPO as well as it could’ve, despite the narrative that SpaceX was going to suck liquidity out of the market. I discussed this last week, a $75B raise wasn’t enough to drain the market of liquidity.
The past two weeks have been filled with plenty of volatility, but when you zoomed out you could see that nothing was structurally damaged or changed. Pullbacks in uptrends are normal!
This emphasizes something I talk about often, cost basis is so important.
Most leading stocks that made big moves over the past month pulled back 20–25% without breaking any key levels or major moving averages. This is where cost basis matters when evaluating whether to sell.
If you have a major cost basis advantage, a 25% drawdown in a stock you’re still up 120% on doesn’t feel nearly as painful as it does for someone who chased and has no cushion.
A strong cost basis gives you the ability to sit through volatility.
A stock can go up 100% in six weeks, pull back 25%, and only return to where it was a week or two weeks earlier. It can feel dramatic but in the context of a powerful uptrend it can simply be normal digestion.
If you’re not already in the subscriber chat, I strongly suggest paying attention to it.
This is where I post all of my new trades as I enter them. I walk through the trade idea entirely including my thesis, risk level, cost basis, and more.
This is where I posted my three new positions in real time.
The subscriber chat is also where I post a daily thread with my thoughts on the day ahead, relevant headlines and macro events, my main focus names, notable upgrades and downgrades, and anything else I’m watching.
It’s basically become a live market group chat. We have a ton of smart people sharing ideas, setups, headlines, and observations throughout the day, and there’s a lot of genuine alpha in there.
I honestly believe it might be one of the most (if not the most active) subscriber chats on Substack.
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In the remainder of this article I’m going to discuss my portfolio, the hidden big winners from the two major Anthropic headlines, the under discussed beneficiary of the SpaceX IPO that nobody is talking about, two retail favorites that have been quiet lately but appear to be setting up again, a base that reminds me of ARM, my favorite charts and setups, the overall market, and more.