Eight Weeks. No Breaks.
The S&P 500 just posted eight straight winning weeks — its longest streak since 2023. It is up 9.17% year-to-date and has stayed above both its 50-day and 200-day moving averages since April.
The Nasdaq 100 joined the rally.
And crucially — it wasn’t just the big tech names dragging it higher.
The Russell 2000 joined too.
That part matters.
Because when small caps start participating alongside mega-cap tech, the rally starts looking less like hype…
Even after everything markets absorbed lately:
→ rising Treasury yields
→ geopolitical tension
→ a US credit downgrade
→ stubborn inflation fears
→ a Fed refusing to cut
stocks still kept grinding higher anyway.
The story ⇩
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The Numbers
The earnings backdrop is the real story behind the streak.
According to FactSet:
→ 84% of S&P 500 companies beat EPS estimates in Q1 2026 — well above the five-year average of 78%.
→ The blended earnings growth rate came in at 15.1%, the highest since Q4 2021.
→ Six consecutive quarters of double-digit growth.
This is not a fluke rally.
Because for all the conversation about AI hype, the underlying corporate earnings picture is actually still very strong.
The simplest explanation is: companies are still making money.
A lot of it.
The Week’s Wildest Movers
The China story in one line: Beijing regulators launched a crackdown on illegal cross-border securities activity this week — and Chinese-listed brokerages Futu (-27%) and UP Fintech (-25%) bore the brunt.
Meanwhile Reddit dropped after Meta quietly launched a community discussion feature that looks a lot like Reddit. Imitation is the sincerest form of competition.
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Everyone is obsessed with SpaceX. That’s the wrong play
SpaceX is already valued at $1.75 trillion before a single share trades publicly.
The investors who got rich on SpaceX got in years ago.
Larry Benedict — who didn’t have a losing year for 20 consecutive years — says while the world is fixated on the IPO, billions of dollars are quietly being set up to flow into ONE forgotten ticker.
He’s revealing the name completely free.
Click here to see where Larry is actually positioning his readers — and why it isn’t SpaceX.
The SpaceX Halo Effect
Three stocks already riding the SpaceX wave.
You cannot buy SpaceX yet. But the market is not waiting.
While investors queue up for the June 12 Nasdaq debut, three public companies are already absorbing the enthusiasm — and delivering real fundamental reasons to pay attention.
→ Rocket Lab RKLB ( ▲ 8.22% ) is now up more than 78% year-to-date after reporting record quarterly revenue growth and a backlog exceeding $2 billion.
→ Redwire RDW ( ▲ 13.94% ) surged again after posting a record $498 million backlog and forecasting as much as $500 million in 2026 revenue.
→ Linde LIN ( ▲ 0.6% ) is quietly becoming one of the hidden infrastructure plays behind the entire space buildout, constructing a $100 million air separation facility less than 50 miles from Starbase, Texas.
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This company – whose name and ticker is revealed for FREE in this short video – is poised to rocket 100% or more in the next year off the back of the coming SpaceX IPO.
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Sincerely,
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Enjoy The Cookout.
But June has a complicated reputation.
Eight winning weeks going into a long weekend sounds like momentum. History says: not so fast.
Here is the honest picture on June seasonality. The data depends entirely on which window you look at.
June ranks among the worst months over the past two decades.
The honest read: June is not historically a month where markets surge. But the last six years have been kinder — and the fundamental backdrop right now (84% earnings beat rate, six straight quarters of double-digit growth, AI IPO euphoria incoming) is not a typical June setup.
The SpaceX listing alone could override any seasonal headwind simply by pulling institutional money off the sidelines.
The one thing that could spoil it: the 10-year Treasury yield. If it breaks meaningfully higher in June — especially past recent resistance — that is the scenario where valuations come under pressure, regardless of how good the earnings are.
What To Watch After The Long Weekend
1 SpaceX roadshow starts June 4. Investor meetings kick off next week. The pricing call is June 11. This is the biggest IPO in history — and index funds have to buy in within 15 days of listing. Watch for pre-IPO volatility in existing Nasdaq 100 names.
2 OpenAI’s S-1 could land in July. The confidential filing is coming as soon as this Friday. Public prospectus follows in roughly 6-8 weeks. When it drops, the Q2 revenue number versus Anthropic’s projected $10.9B becomes the most watched figure in tech.
3 The 10-year Treasury. Markets have shrugged off the Moody’s US credit downgrade. But the 10-year has been creeping higher. A sustained move above recent resistance is the single biggest risk to a market trading at 20.9x forward earnings — above both the 5 and 10-year averages.
4 Quantum computing follow-through. Rigetti RGTI ( ▲ 19.87% ) (+20%), D-Wave QBTS ( ▲ 14.22% ) (+14%), IonQ IONQ ( ▲ 8.07% ) (+8%) all surged on Trump administration grant news. The question after the long weekend: was this a one-day event trade, or the beginning of a sustained re-rating of the sector?
5 Iran peace deal progress. Pakistan’s army chief is in Tehran brokering indirect US-Iran talks. Secretary Rubio called it “a little bit of movement.” Any meaningful breakthrough here is a significant oil price catalyst — and a macro tailwind the market has not fully priced in.
Eight weeks. No down weeks. A market that has absorbed a credit downgrade, a bitter AI lawsuit, geopolitical noise, and a Fed that won’t cut — and still finished higher every single Friday.
The simplest explanation is also the most powerful one: earnings are genuinely good, AI is genuinely transforming industries, and the biggest IPO in history is three weeks away.
Enjoy the long weekend. June is going to be loud.
Don’t forget to to cast your vote 👇
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