Strait Drama, Netflix Trauma, and the S&P 500's Best Week Since 2020 — The Weekly Roundup

This week's market narrative was basically a geopolitical revolving door: the Strait of Hormuz opened, then closed, then opened again, then someone shot at a tanker — and the S&P 500 still hit fresh record highs above 7,100 while the Nasdaq logged its longest positive streak since 1992. Traders have collectively decided that 'off-ramp to peace' is good enough to YOLO back in, which Bloomberg's Merryn Somerset Webb is now calling 'FOMO-P' — Fear of Missing Out on Peace. A new acronym just dropped in this economy.

Meanwhile, $NFLX had the audacity to beat top and bottom line estimates and still tanked ~10% because Q2 EPS guidance of $0.78 missed the $0.84 whisper, and Reed Hastings announced he's leaving the board. Markets punished it like it kicked a puppy. On the flip side, $RKLB is up 2,200% over two years — quietly becoming the space economy's most unhinged success story — and Anthropic's new model 'Mythos' generated 181 successful cybersecurity exploits versus 2 from its predecessor, which is either very exciting or deeply terrifying depending on your portfolio composition.

$QVC filed for bankruptcy down 92% YTD, proving that televised shopping and the algorithm economy simply cannot coexist — some things just belong in 2003.