Strive’s new wave of retail bulls have nearly completely vanquished the shorts

Shares of Strive Inc. are on the back foot this morning as a torrid two-day rally that saw the stock rise 90% amid back-to-back records for call options traded begins to cool.

JPMorgan strategist Arun Jain observed that the short interest in the stock tumbled from north of 20 million shares to a negligible amount, as the stock soared thanks to heavy retail buying in recent sessions.

JPM ASST retail imbalance and short interest

(For the record, 20 million in short interest pales in comparison to the nearly 1.3 billion in volumes over the course of Friday and Monday, another reminder that even successful short squeezes are defined more by the enthusiasm of new buyers.)

The elimination of that forced buyer base might be serving as a bit of a “mission accomplished” signal for bulls in the near term.

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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7/2/26

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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7/1/26

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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