Space Exploration Technologies Corp. Class A Common StockSPCX
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Space Economy
Space Exploration Technologies Corp. Class A Common StockSpace Exploration Technologies Corp. Class A Common StockThe S&P 500 may climb toward 8,000 to 8,150 over the next six months without needing another artificial-intelligence breakthrough or mega IPO, according to Alfonso Peccatiello of the Macro Compass. He defines a Goldilocks setup of firm but not overheated growth, contained core inflation, and a Federal Reserve that is on hold or hikes no more than once, a combination that since 1990 has produced an average six-month return of 9.5 percent with a 96 percent hit rate. Peccatiello sees US money creation still running hot, labor markets healing rather than overheating, and shelter disinflation helping to offset goods-inflation pressure. The Fed does not need to cut rates for this backdrop to work, only to avoid hawkish surprises, though the first meeting under Chair Warsh tested that rule with a shorter statement and less forward guidance. A market rotation is already underway, with Financials, Industrials, and Materials leading in June while megacap Technology, Communication Services, and Consumer Discretionary lag, and the Roundhill Magnificent Seven ETF is down about 8 percent this month.