Nuclear Dust. That's What He Called It. 💣️

Late last year, a Klimt sold for the highest price ever paid for modern art at auction.

An outlier sure, but it wasn't a fluke. U.S. auction sales grew 23.1% in 2025. The $1-5mm segment even grew 40.8% YoY.

Meanwhile, Apollo’s chief economist Torsten Slok said to expect ‘zero in return in the S&P 500 over the coming decade.’

So, that's where it gets interesting.

Each environment is unique, but after dot-com, post war and contemporary art grew about 24% annually for a decade. After 2008, about 11% for 12 years.

It’s also had near-zero correlation with the S&P 500 since ‘95.*

Now, Masterworks lets you invest in shares of artworks featuring legends like Banksy, Basquiat, and Picasso.

Shares can sell quickly, but my subscribers can skip the waitlist:

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^{*Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.}

Trump just posted the geopolitical equivalent of "we're good" on Truth Social. And markets actually believed him.

Here's the headline: Iran must agree to never build a nuclear weapon and immediately reopen the Strait of Hormuz to unrestricted shipping. No tolls. Both directions. Starting now.

Trump also announced the U.S. naval blockade around Iran "will now be lifted" — and claimed American forces have already cleared naval mines from the waterway through underwater operations.

Iran, apparently, will handle whatever's left.

On the nuclear side, Trump described a three-way cleanup effort between the U.S., Iran, and the IAEA to recover and destroy enriched uranium buried underground after B-2 bomber strikes 11 months ago.

He called it "Nuclear Dust." Which is either a diplomatic term of art or the most Trump sentence ever written.

What's not in the deal yet:

This comes a day after reports leaked that a deal was close. Trump still has to give the green light.

Wall Street didn't wait for the paperwork.

Oil prices? Extended their slide. Makes sense. An open Strait means more supply flow, less panic premium baked into crude.

The big picture: If this holds, it's a meaningful de-escalation of one of the year's biggest geopolitical risk factors. The Strait of Hormuz handles roughly 20% of global oil traffic. When it's blocked, everything from energy costs to shipping rates feels it.

Markets are pricing in the "good news" scenario. Whether the details survive contact with reality is a different question entirely.

1. Buy the Oil Dip
A reopened Strait of Hormuz means more supply hitting the market. Oil just got cheaper. And energy stocks are feeling it.

📌 Action: Watch for oversold energy names like $XOM ( ▼ 1.16% ) or $CVX ( ▼ 0.31% ). If oil drops too far too fast, a snap-back trade is on the table.

2. Ride the Risk-On Rally
Geopolitical fear was suppressing markets. With the blockade lifting and a deal in sight, that fear premium unwinds — and equities go up.

📌 Action: Add exposure to broad market ETFs like $SPY ( ▲ 0.25% ) or $QQQ ( ▲ 0.37% ) while sentiment is shifting. De-escalation trades have legs.

3. Bet on Defence Getting Quietly Ignored
When peace talks dominate headlines, defence stocks get sold off as investors rotate out. That creates a buying opportunity in names that aren't going anywhere.

📌 Action: Watch for dips in $LMT ( ▼ 1.26% ) or $RTX ( ▲ 0.39% ). Geopolitical risk never fully disappears and the market always remembers that eventually.

Big money is rotating into a select group of stocks for the second half of 2026.

MarketBeat’s analysts tracked the move and identified 10 companies attracting fresh capital right now.

The updated 10 Best Stocks to Own in 2026 report lays out the tickers, trends, and catalysts.

See The 10 Names

Susquehanna had a big week for Micron $MU ( ▲ 5.14% ) and Sandisk $SNDK ( ▲ 3.25% ), hiking price targets on both names and basically saying: memory is having a moment.

MU's target went from $600 to $1,750. Sandisk's moved from $2,000 to $3,250.

Those aren't small tweaks. It’s a huge conviction call.

So what's driving it?

On the DRAM side, more chips are being rerouted toward HBM and server use. Less supply in the open market means commodity prices are holding up nicely.

NAND is catching a tailwind too. AI inferencing is pulling in more storage demand, and enterprise SSD orders are expected to accelerate from Q2 into Q3 — with cloud giants leading the charge.

But here's the twist.

Memory supply is getting tight enough that OEMs could actually run short in the second half of the year. If that happens, some server and storage shipments could slip into early 2027.

That's the kind of supply crunch that's bad for manufacturers... but very good for memory pricing.

One caveat: channel inventory (think Taiwan-based module resellers) is sitting at over a quarter's worth of stock. Not a crisis, but worth watching.

The bottom line: AI is eating memory for breakfast, supply can't keep up, and Wall Street is repricing accordingly.

1. Ride the Memory Bull Run
Susquehanna just slapped a $1,750 target on Micron. AI demand is exploding, supply is tightening, and pricing power is building. This isn't a rumour — it's a Wall Street conviction call.

📌 Action: Add or build a position in $MU ( ▲ 5.14% ) on any dips. The supply crunch narrative has legs well into 2026 and beyond.

2. Play the Cloud Storage Boom
Cloud giants are bulk-buying enterprise SSDs right now. That demand surge doesn't stop at Micron — it flows through the entire storage ecosystem.

📌 Action: Look at $SNDK ( ▲ 3.25% ) as a direct play, or diversify via a semiconductor ETF like $SOXX ( ▼ 0.07% ) or $SMH ( ▼ 0.15% ) for broader exposure with less single-stock risk.

3. Front-Run the 2027 Supply Crunch
OEMs could face memory shortages in H2 2026, pushing server orders into early 2027. That means memory prices stay elevated longer than most expect.

📌 Action: Hold $MU ( ▲ 5.14% ) or $SNDK ( ▲ 3.25% ) through year-end rather than trading around short-term noise. The delayed shipment story is a longer-term price catalyst.

Jeff Bezos had a very bad week.

His rocket company, Blue Origin, watched its New Glenn rocket turn into a fireball at Cape Canaveral just days before it was supposed to launch 48 Amazon satellites. The launchpad? Seriously damaged.

Amazon stock underperformed the market on Friday. Not hard to see why.

What does this actually mean for Amazon?

No immediate financial crater, but the schedule pain is real.

Amazon was counting on up to 24 New Glenn launches to build out its Kuiper broadband constellation. With the launchpad out of action, those satellites now need to hitch rides on pricier alternatives like ULA and Arianespace.

And here's the uncomfortable truth: Starlink is already lapping them. Any delay in getting more satellites up just means more time spent playing catch-up in markets where satellite density is everything.

The collateral damage was brutal

The explosion didn't just hurt Amazon. It torched the whole space sector.

AST SpaceMobile (ASTS) got hit hardest, down 18.5%. Makes sense — they rely on Blue Origin to get their communications satellites into orbit. Deutsche Bank immediately downgraded ASTS from Buy to Hold, saying there's no realistic path to hitting their target of ~45 satellites by end of 2026 without New Glenn.

Deutsche Bank's view: don't expect any New Glenn launches for at least three months. And the four New Glenn launches they'd pencilled in for ASTS this year? Gone.

Other space stocks that got torched on Friday:

The whole sector got painted red. One explosion, many casualties.

Meanwhile, the SpaceX IPO saga continues

Bloomberg reported SpaceX is now targeting a valuation of $1.8 trillion — down from the $2T figure floated in April.

Elon Musk's response on X: "false."

Make of that what you will.

The deal is still shaping up to be the largest IPO in history, targeting up to $75 billion raised. Marketing could kick off as early as June 4, with pricing around June 11.

Goldman, Morgan Stanley, BofA, Citi, and JPMorgan are leading the deal, with 18 more banks piling in. SpaceX plans to list on Nasdaq under ticker SPCX.

For context: the company did $18.7B in revenue in 2025 and is now pitching itself not just as a rocket company, but as an AI and infrastructure platform chasing a $28.5 trillion addressable market.

Yeah. Trillion with a T.

1. Buy the SpaceX IPO Dip
The valuation dropped from $2T to $1.8T before it even lists. That's the market doing your negotiating for you. If the IPO prices conservatively, early buyers could be sitting on instant upside.

📌 Action: Watch for SpaceX $SPCX ( ▼ 0.18% ) to begin marketing around June 4. Set a price alert and be ready to buy on listing day. Biggest IPO in history. Don't sleep on it.

2. Scoop Up Beaten-Down Space Stocks
The explosion caused panic selling across the whole sector — including companies with zero exposure to Blue Origin. That's the market being irrational. Your opportunity.

📌 Action: Look at oversold names like $RKLB ( ▼ 3.07% ) (Rocket Lab) which dropped 5.4% despite having no Blue Origin dependency. Space demand isn't going away. This could be a gift entry.

3. Position in Amazon Before Kuiper Gets Back on Track
Kuiper delays hurt sentiment, not Amazon's core business. AWS, ads, and retail are still printing money. The dip is noise. When Kuiper eventually launches, it's a major re-rating catalyst.

📌 Action: Add or start a position in $AMZN ( ▼ 1.23% ) on weakness. You're essentially getting Kuiper optionality for free while paying for one of the strongest businesses on the plane📡