To The Moon

Stocks are on a steady path higher since the October lows, despite interest rates near a quarter-century high and inflation above target. Investors no longer seem worried about the Federal Reserve keeping interest rates "higher for longer," despite a strong run up in equities and other risky assets since autumn.The major U.S. stock indexes posted their biggest weekly gains in months on Friday, days after Fed Chairman Powell kept three rate cuts on the table for this year, but spelled out a cautious path out of restrictive monetary policy territory.Big equity gauges recently booked record new highs, while the S&P 500 index SPX now sits about 27% above its Oct. 27 low, according to FactSet data."It's been a lot," said Iman Brivanlou, head of income equities at TCW, a Los Angeles-headquartered investment firm, about the rapid rise in stocks.The drop comes despite the potential for higher oil prices, greater commercial real estate RWR fallout than anticipated, a looming default cycle in l

The EV market has its challenges, but that might be just what Tesla wants right now.

Stock futures suggested a flat start for Wall Street on Wednesday following the S&P 500's third-consecutive winning session and the index's best performance since June.Tesla fell 1.5% in premarket trading after closing with a gain of 7.7% on Tuesday to $257.18. It was the stock's highest price in nearly three weeks and its largest one-day percentage increase since March 21. The electric-vehicle maker is launching a $300 million AI computing cluster, according to Oppenheimer analyst Rick Schafer. The supercomputer "will employ 10,000 Nvidia H100 GPUs and is more powerful than the world's third highest-performing supercomputer," he said.VinFast Auto was rising 7% in premarket trading. On Tuesday, the Vietnamese electric-vehicle start-up snapped a six-day winning streak, falling 44% and wiping out roughly $90 billion in market value.Hewlett Packard Enterprise reported better-than-expected fiscal third-quarter adjusted earnings that were driven by strong growth in the company's network