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$SPCX was really strong this morning, shooting straight up to 141. From around 105 before the unlock to now 141, it has risen over 30% in just a few days. At the time, everyone said the unlock would be a big disaster, with 911.5 million shares hitting the market, it was sure to drop. So what happened? Not only did it not drop, it actually became rocket fuel. Citi joined the hype, raising the target price to 220 and upgrading the rating to buy. Shorts had previously piled up $24.6 billion in positions, but with the stock price rising instead of falling, shorts were forced to cover, and the buybacks pushed the price even higher. This surge is partly because the negative impact of the unlock has been fully absorbed, and the macro environment is also cooperating. After weaker non-farm payroll data, the probability of a rate hike in September dropped from 58% to about 44%, and the 10-year US Treasury yield also fell. High-valuation growth stocks like SPCX fear rising interest rates the most. Now that rate expectations have eased, valuation pressure has lessened, and the stock price naturally has room to rise. Gold $XAU has also been strong this week, rising 7% in a week to surpass $4340. Looking at the candlesticks of gold and SPCX together, their rhythms are almost synchronized, both starting before the non-farm data and accelerating after the data release. Two seemingly unrelated assets are trading the same thing: an improving interest rate environment. With the same macro tailwind, SPCX surged to 141, while SanDisk $SNDK is still hovering around 1200. Despite beating earnings expectations, it fell 7%, and the non-farm data tailwind couldn't save it; investors are unwilling to buy at this level. Another noteworthy one is $BEAT. This coin surged and then pulled back a few days ago, but tonight the buy orders are picking up again. Personally, I’m considering lightly trying a short-term long position with a set stop loss; if it’s wrong, I’ll accept it. #PayrollsDropCPIFocus #AIMemoryStressTest #SpaceXUnlockRebound