ETF Tracker StatSheet
You can view the latest version here.
SPACEX STEALS THE SPOTLIGHT AS MARKETS GRIND HIGHER
- Moving the market
After a quiet and slightly sluggish start, the major indexes didn’t waste much time finding their footing.
Buyers stepped in, pushing markets into positive territory as traders geared up for the much-anticipated SpaceX IPO. At the same time, investors kept one eye on headlines hinting at a possible U.S.–Iran peace agreement.
SpaceX officially debuted on the Nasdaq under the ticker SPCX, with shares expected to open well above the $135 IPO price. The company raised a massive $75 billion by offering over 555 million shares—making it the largest IPO ever, easily surpassing Alibaba’s $22 billion record from 2014.
Going into the debut, expectations were sky-high. Futures pricing pointed to a potential 30% pop, though some traders were cautious. An offering this large can sometimes absorb liquidity and weigh on the broader market, not to mention IPOs tend to bring volatility and sector rotations as investors reshuffle capital.
In the end, SpaceX didn’t disappoint. The stock closed up about 20% on its first day, vaulting it into the ranks of the six most valuable companies in the world. That strong showing helped lift overall sentiment and nudge the broader market slightly higher to close out the week.
On the macro front, “growth” data came in stronger, while “inflation” readings cooled off thanks to softer Core CPI and a miss on PPI. Bond yields moved lower across the board, dragging the dollar down for its worst week since early May.
Meanwhile, oil prices slipped on increasing optimism around a potential U.S.–Iran agreement, with officials suggesting a formal memorandum could be closer than ever.
Commodity markets were mixed—gold pulled back despite a late-week bounce, while copper and silver showed relative strength.
Interestingly, the “Magnificent 7” lagged the broader S&P 493 this week, hinting at some shifting leadership under the surface.
And in crypto, Bitcoin had a solid comeback, climbing from $59K earlier in the week to around $64K.
With the SpaceX excitement now behind us and geopolitical optimism building, the big question is—does this combination set the stage for a continued move higher, or is the market due for a breather?
2. Current domestic “Buy” Cycle (effective 5/20/2025); International “Buy” Cycle (effective 5/8/25)
Our domestic bullish cycle that began on November 21, 2023, concluded on April 3, 2025, following a market downturn triggered by President Trump’s tariff policy announcement.
This development caused significant declines across major indexes and broader market indices. However, markets subsequently rebounded, culminating in a new domestic “Buy” signal taking effect May 20, 2025.
Concurrently, our International Trend Tracking Index (TTI) experienced parallel volatility. On April 4, 2025, it breached critical thresholds, prompting a “Sell” recommendation. This position reversed as global markets recovered, with the International TTI regaining sufficient momentum to issue a new “Buy” signal effective May 8, 2025.
3. Trend Tracking Indexes (TTIs)
The market got off to a shaky start, but that didn’t last long. Bulls quickly stepped in, took control, and held it for the rest of the session.
Momentum got an extra boost from positive SpaceX IPO news, with metals and bitcoin joining in on the upside.
Our TTIs were right there in the mix—especially international, which made a strong move higher.
This is how we closed 06/12/2026:
Domestic TTI: +8.30% above its M/A (prior close +7.69%)—Buy signal effective 5/20/25.
International TTI: +9.05% above its M/A (prior close +8.05%)—Buy signal effective 5/8/25.
All linked charts above are courtesy of Bloomberg via ZeroHedge.
———————————————————-
WOULD YOU LIKE TO HAVE YOUR INVESTMENTS PROFESSIONALLY MANAGED?
Do you have the time to follow our investment plans yourself? If you are a busy professional who would like to have his portfolio managed using our methodology, please contact me directly to get more details.
Contact Ulli