
The general market ping-ponged last week as news of attacks and possible peace continually peppered the headlines. It was such a busy news week that it almost went unnoticed that the Fed has now walked back almost all of the talk of rate cuts this year.
Several names that squeezed hard over the past weeks like Super Micro Computer (SMCI) and MicroStrategy (MSTR) had rough weeks as the air started to come out of them as the hype around them faded. They both finished the week down over 20%