HAPPY SATURDAY TO THE STREET
And welcome back to Street Tweets from The Street Sheet!
How is the Elon Musk vs. OpenAI trial going for Sam Altman?
“Directionally very bad.”
But how is it going for our finance bro meme lexicon?
Directionally very good!
— Brooks & Cas
MARKET REVIEW & PREVIEW
Markets bounced back hard as easing tensions between the US and Iran helped calm fears around the Strait of Hormuz. Strong tech earnings and a better-than-expected jobs report added fuel to the rally, with AI optimism roaring back as chipmakers posted explosive profit growth.
Next week, inflation takes center stage. Tuesday’s Consumer Price Index and Wednesday’s Producer Price Index will test whether rising energy costs are starting to spread more broadly through the economy. With traders already expecting the Federal Reserve to keep rates elevated, any hotter-than-expected readings could quickly pressure markets again.
Really putting the “pump” in “pump-and-dump”.
Portfolio up. Tank empty. Financial freedom in 2026.
So… the robots aren’t coming for our jobs after all?
a16z argues not. The data shows roughly half of today's employment sits in occupations that didn't exist mid-century.
Devil’s advocate: Easy to say from a venture office. Harder to buy at the help desk.
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The earbuds have eyes.
No, we don't know what that possibly entails.
Yes, we’ll buy them anyway.
