We ONLY have to keep the current good market feelings going for FOUR DAYS to have a great week. The markets will of course, be closed on Friday for Juneteenth.
I will be attending a three day ART EVENT this weekend. So I will have a little old fashioned road trip to get there. I have also been in the studio two times over the past week. So....I have and will be busy into the near future.
NOT much to do today other than sit and enjoy the gains. We are NOT at new all time highs in the SP500 or NASDAQ....but we are close. In spite of all the BS of the last two weeks that we have had to ENDURE....we are close.
The FED meeting this week...absolutely IRRELEVANT. Which is fine with me. It is RIDICULOUS how the media and others NOW...hype every FED meeting and move. NOTHING...is going to happen this week and probably for some months....no matter what the media tries to claim. Warsh’s Fed is likely to hold rates steady — what the leadership change could mean for your money https://www.cnbc.com/2026/06/15/warsh-fed-interest-rates.html
I will say in regards to my promise on here....to disclose any portfolio moves when they happen.....I made a purchase of SPCX in both of the accounts where I got 37 shares allocated at the $135 IPO price. Being an old time....ROUND LOT...kind of guy....I purchased an additional 63 shares of SPCX in each account to bring the total number of shares in each account up to......100. NOW I will sit and watch. The new shares were purchased at about $171...right at the open today. This holding is of course a....MICRO-POSITION...in both accounts. Less than 1% of each account. So not exactly a big gamble.....and....I am seeing this as a 15 YEAR......hold. AND....there will no doubt be many BUMPS along the way.
Speaking of SPCX...I was talking to a friend this morning that is a retired Financial Advisor under UBS and a former VP at Merrill Lynch.... heading up some major offices here in Texas. I was very surprised when he told me he had bought shares in SPCX. He is usually more of an INDEX kind of guy since he is in his early 80's. He said he bought the shares as a long term speculation for his grandchildren....in 20 or so years. He has at least....6-8 grandchildren...so I assume he bought at least 1000 shares. I think he did 150 shares per child. For him that is NOT a big gamble in terms of money.
