Space Is The Place

Subscribe on our website www.gmgresearch.com to read the full article.

• REMEMBER, all of these names you see online is just beta exposure. Allocate wisely because return ALWAYS wants its risk payment. We called the bottom on March 30th so there is no need to chase.

• Equal weighted S&P and Small Caps hitting new highs = Breath is expanding

• Space is the place. SpaceX looking to go public on June 12th.

• The Gallium nitride and silicon carbide (800V) trade is playing out.

• In a world of AI, we will see a HIGH GDP growth / very high unemployment environment.

We need to be careful when other huge IPOs happen. (OpenAI)

OpenAI’s investors watched Anthropic lap them in valuation in months. That changes the IPO from a victory lap into a liquidity event. OpenAI might push IPO back to 2027. Need to be VERY careful when these huge IPOs happen. A lot of equity coming onto the market during the unlock period. 5-6% of market cap. Look at their unlock schedule when published.

S&P 500: % of stocks above 200ma needs to stay above 50% for the market to look healthy. Otherwise, we get skeptical.

Yields near 4.7% were definitely a solid idea. The typical 60/40 portfolio does NOT work right now.

Don’t look now, Palantir starting to turn up again.

Tesla holding that important $435 (volume profile) level. Tesla has been consolidating for what feels like years. Higher.

Robotics WILL lead this market along with orbital datacenters. Give it 12 months. This is a great starting point.

Look at Infineon. This was a huge theme we covered for the last 3-4 weeks. HERE is the original write-up.

Broadcom going higher.

Again, JPYUSD is something to look at especially with the PM of Japan. It is just a matter of time, patience.

On April 2024: “DELL GOING HIGHER. Jensen Huang said, “Everybody who is building these chatbots and generative AI, when you’re ready to run it, you’re going to need an AI factory, Nobody is better at building end-to-end systems of very large scale for the enterprise than Dell.”

Gold continuing the topping process.