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SpaceX Lifts Off and the Fed Weighs In · The SPY Trader

• 0:00
  Hello everyone and welcome back to the Spy Trader podcast !
• 0:04
  I am your host , Sunny Sideup , and I am so glad you could join me this morning .
• 0:08
  It is 6 am on Saturday , June 13th , 2026 , here on the Pacific coast .
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  We have quite a bit to talk about after a wild week on Wall Street , so grab your coffee and let's dive right in .
• 0:21
  The U.S.
• 0:22
  stock market just wrapped up a week that started with a lot of nerves but ended with some serious resilience .
• 0:29
  After a tough selloff early in the month , we saw the S&P 500 , often tracked by the SPY ETF , close Friday at 7,431.46 .
• 0:40
  That is up about half a percent for the day , but the real story was the massive rally we saw on Thursday .
• 0:47
  The Nasdaq100 , or the QQQ , was the center of attention because of a historymaking event : the SpaceX IPO .
• 0:56
  Meanwhile , the Dow Jones Industrial Average gained 0.7 percent on Friday as investors shifted some money into older sectors while oil prices cooled down .
• 1:08
  Speaking of oil , the energy sector was actually the week's biggest loser .
• 1:13
  We saw WTI Crude Oil drop to an eightweek low , closing near 85 dollars a barrel .
• 1:20
  This happened because of reports that the U.S.
• 1:23
  and Iran might be reaching a deal to reopen the Strait of Hormuz , which is a major relief for global trade but a hit for energy stocks in the XLE ETF .
• 1:33
  Over in the tech world , it was a bit of a roller coaster .
• 1:37
  Chip stocks like Micron saw some big swings , but Intel got a huge boost after Google placed a massive order for 3 million TPUs .
• 1:47
  And we can't forget the main event : SpaceX.
• 1:49
  Trading under the ticker SPCX , it opened at 150 dollars and finished Friday at over 160 dollars .
• 1:57
  That puts the company valuation at more than 2 trillion dollars !
• 2:01
  It is amazing to see that much demand for highquality aerospace and AI assets .
• 2:06
  Now , let’s look at why this is happening .
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  We are currently in a tugofwar between strong corporate earnings and persistent inflation .
• 2:15
  The May inflation data showed that the Consumer Price Index is at 4.2 percent yearoveryear .
• 2:21
  That is higher than many people like , and it means things are still expensive for families and businesses .
• 2:27
  Because of this , everyone is watching the Federal Reserve meeting next week .
• 2:31
  Kevin Warsh is the new chair , and he is expected to be quite hawkish , meaning he might keep interest rates higher for longer to fight that inflation .
• 2:40
  This has pushed the 10year Treasury yield up to 4.48 percent .
• 2:46
  So , what does this mean for your portfolio ?
• 2:48
  My current analysis suggests we are moving from a market where people buy anything that is moving fast to a market where quality really matters .
• 2:56
  For trading recommendations , I have a few ideas to keep your strategy balanced .
• 3:02
  First , for core equity , take a look at the Vanguard Total Stock Market ETF , or VTI .
• 3:09
  It gives you broad exposure beyond just the top tech giants .
• 3:13
  If you still want that growth potential , the Invesco QQQ Trust is still the place to be , especially with companies like CoreWeave joining the index .
• 3:22
  For those looking for defensive income , the iShares 20 plus Year Treasury Bond ETF , or TLT , is looking interesting .
• 3:31
  If oil stays low and inflation starts to cool , these longdated bonds might be a great pick at current prices .
• 3:38
  I also like the Financial Select Sector SPDR , known as XLF .
• 3:44
  Large banks like Goldman Sachs or Morgan Stanley stand to benefit from a busy IPO market following the SpaceX success .
• 3:52
  And finally , if you have a longterm view , keeping an eye on SpaceX itself is a must .
• 3:57
  It is pricey , but it has a massive lead in satellite internet and space launch .
• 4:02
  To wrap it up , I would suggest a barbell strategy .
• 4:06
  Balance that highgrowth excitement from SpaceX or the QQQ with the stability of financials and broad market funds like VTI .
• 4:15
  This should help you weather any volatility the Fed might bring next week .
• 4:19
  That is all for this edition of Spy Trader .
• 4:22
  I am Sunny Sideup , wishing you a wonderful Saturday and a great weekend of rest before the markets open again .
• 4:29
  See you next time !