So here we are on Tuesday morning, and the stock market is doing that thing where it pretends everything is fine while secretly sweating about Thursday’s inflation report. You know, like when you’re “totally prepared” for a test but still stress-eat an entire bag of chips the night before.
The big story today? Wolfspeed just went absolutely bonkers, shooting up 83% after getting court approval for its Chapter 11 reorganization plan. Translation: they were basically broke, filed for bankruptcy protection, and now they’ve got a clean slate to start over. It’s like financial Marie Kondo – they threw out all the debt that didn’t “spark joy” and kept the good stuff.
But wait, there’s more! Nebius jumped 52% on news of a massive deal with Microsoft to build AI infrastructure. Because apparently, in 2025, if you don’t have “AI” in your business plan, you might as well be selling typewriters.
The market’s weird mood right now: The S&P 500 futures are basically flat (down 0.02%), but individual stocks are having their own private parties. It’s like that friend group where everyone’s doing their own thing but somehow still hanging out together.
Speaking of parties, Robinhood is up 16% after finally getting invited to the cool kids’ table (aka the S&P 500). Only took them long enough – it’s like watching someone get accepted to their safety school after getting rejected from Harvard three times.
Here’s what’s actually moving the needle:
- The dollar is getting weaker (good for stocks)
- Bond yields are dropping (also good for stocks)
- Job openings fell more than expected (weirdly, also good for stocks because it means the Fed might cut rates)
It’s one of those days where bad economic news is good news for your portfolio. Make it make sense, right?
The VIX (aka the “fear gauge”) is sitting at 15.11, which is basically the market’s way of saying “I’m not panicking, but I’m definitely keeping one eye on the exit.” Every time it hits 15, stocks tend to get a little wobbly, so we’re watching that like a hawk.
Other notable movers:
- UnitedHealth up 4% on Medicare news (healthcare stocks love bureaucratic updates, apparently)
- CoreWeave up 5.6% after launching an investment arm for AI startups (because why not double down on the AI hype?)
- Energy Fuels up 2.2% for making rare earth magnets in the US (finally, some domestic supply chain action)
The bottom line: We’re in that classic “climbing the wall of worry” phase where stocks keep going up despite everyone having a laundry list of things to stress about. Tariff risks? Check. Weakening economy? Check. September historically being a rough month? Double check.
But here’s the thing – as long as the big indexes keep holding their trend lines and the VIX doesn’t spike above 15, this party might keep going. It’s like that friend who keeps saying they’re going home but somehow ends up staying until 2 AM.
Thursday’s inflation data will be the real test. If it comes in hot, we might finally see some of that volatility everyone’s been expecting. If it’s cooler than expected, well, buckle up because this rally could get even weirder.
Until then, we’re all just watching Wolfspeed celebrate its financial resurrection while wondering if we’re witnessing genius or madness. In this market, it’s honestly hard to tell the difference.