Warsh's Fed Holds, Iran Blinks, SpaceX Moons — The Week the Everything Trade Broke Wide Open
A new Fed chair, a US-Iran deal, and SpaceX's historic IPO made this one of the most sentiment-packed weeks in recent memory
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| FOXA Fox Corp | hold | $51.33 | — | — | — |
| ROKU ROKU, INC | hold | $137.29 | — | — | — |
| HPE Hewlett Packard Enterprise Co | buy | $48.31 | — | — | — |
| META Meta Platforms, Inc. | buy | $573.09 | — | — | — |
| BTC Grayscale Bitcoin Mini Trust ETF | hold | $64185.00 | — | — | — |
| AZO AUTOZONE INC | buy | $3067.00 | — | — | — |
| ORLY O REILLY AUTOMOTIVE INC | buy | $88.53 | — | — | — |
| RKT Rocket Companies, Inc. | hold | $13.29 | — | — | — |
| MU MICRON TECHNOLOGY INC | hold | $1062.20 | — | — | — |
| GOOG Alphabet Inc. | buy | $362.48 | — | — | — |
| RIVN Rivian Automotive, Inc. / DE | sell | $16.39 | — | — | — |
Let's do the speed round: Fed Chair Kevin Warsh held rates at 3.5%–3.75%, dropped forward guidance entirely, and launched five task forces to 'overhaul' the Fed's operations — a move that had Bloomberg and CNBC alike doing double-takes at a 131-word policy statement (down from 341). Half the FOMC penciled in a rate hike for 2026. The 2-year yield jumped ~15 basis points to 4.20%. The message: inflation at 4.2% CPI is not vibes, it's a crisis, and Warsh is not here to comfort you.
Meanwhile, the US and Iran signed a memorandum of understanding so thin (literally a page and a half) that Trump joked about sending Vance to the ceremony. Markets didn't care — the Nasdaq surged 3%, WTI crude dropped 6% to ~$75.81, and energy stocks got smoked. The Strait of Hormuz reopening story is the single biggest macro tailwind of the week, full stop.
And then there's $SPCX. SpaceX's IPO popped 19.5% on debut, options premium eclipsed Tesla, Nvidia, SPY, and QQQ combined, and Elon Musk became the world's first trillionaire. Veteran traders called it 'historically unprecedented.' Reddit called it a generational buy. Jim Chanos called it the most overvalued IPO in history. Somewhere in between lies the truth — and probably a very painful options expiry.