SpaceX Over, Fed Meeting Done, What’s Next?

Summary

Avi Felman hosts a solo Juneteenth stream covering market reactions to the Fed and SpaceX, then outlines specific bullish calls on semiconductors, Robinhood, ARK Genomic ETF, and uranium. He also argues for avoiding emerging markets, gold, Bitcoin, and commodities due to US dollar strength, flags the Iran deal as a future risk for oil and equities, and introduces AI biotech and nuclear energy as the next two megatrends.

• Market shrugged off hawkish Fed and rate hike repricing, entering a Goldilocks period with limited summer downside.
• Mag7 equities lag semiconductors because their equity and debt issuance flows into chipmakers like Intel, SanDisk, and Micron.
• Robinhood (HOOD) is a preferred long thanks to surging platform assets, gold subscribers, and bullish cost-cutting.
• Workforce layoffs are reframed as bullish capital reallocation rather than bearish.
• Persistent consumer inflation and struggles of the bottom half pose a long-term risk to market appreciation.
• US exceptionalism and a strong dollar are headwinds for gold, Bitcoin, and commodities; emerging markets are also avoided.
• The Iran agreement is a win for Iran and an eventual flashpoint that could spike oil and tumble equities after midterms.
• AI biotech is a new megatrend fueled by FDA leniency and genuine AI-driven drug discovery; Avi bought ARK Genomic ETF (ARKG) and is watching Insilico Medicine.
• A nuclear revolution in the US over the next 3–5 years makes the uranium ETF URA a high-conviction 3–5x long.