Hormuz Is Basically Closed and Wall Street Is Throwing a Party — Someone Explain This Market
Social sentiment is split between genuine disbelief at market resilience and FOMO panic-buying into Big Tech earnings week
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| MU MICRON TECHNOLOGY INC | buy | $526.21 | — | — | — |
| SNDK Sandisk Corp | buy | $1079.08 | — | — | — |
| AMZN AMAZON COM INC | buy | $261.73 | — | — | — |
| GOOGL Alphabet Inc. | buy | $352.24 | — | — | — |
| META Meta Platforms, Inc. | buy | $678.65 | — | — | — |
| MSFT MICROSOFT CORP | hold | $425.45 | — | — | — |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | buy | $406.11 | — | — | — |
| OXY OCCIDENTAL PETROLEUM CORP /DE/ | buy | $57.21 | — | — | — |
| GS GOLDMAN SACHS GROUP INC | hold | $939.04 | — | — | — |
Let's just say it plainly: the Strait of Hormuz is running at 5% of normal capacity, Goldman Sachs just raised its oil forecast to $90/barrel by Q4 with an ugly upside scenario above that, and the S&P 500 is flirting with record highs. The Bloomberg Podcasts crew is calling it 'curious exuberance.' We're calling it 'the market has fully committed to the TACO trade' — Trump Always Chickens Out — and is pricing in a policy pivot before the shooting stops.
Meanwhile, the Philadelphia Semiconductor Index is up 37% in April alone — an 18-day winning streak that would make a Vegas card counter blush. $SNDK and $MU led Monday's charge after Melius Research slapped buy ratings on both, calling memory 'core to AI coverage.' With Amazon, Alphabet, Meta, and Microsoft all reporting Wednesday, this week is basically the Super Bowl of earnings — and the crowd is already in their seats.
The real wildcard nobody is pricing correctly? Saudi Aramco's CEO just pulled out of a major energy conference because of the Iran conflict. When the world's biggest oil producer starts no-showing industry events, maybe — just maybe — the 'peak uncertainty has passed' crowd is getting ahead of themselves.