About this episode

The episode discusses the implications of the SpaceX IPO on the market rally and the cautious outlook amidst strong breadth data.

Despite a market rally and strong breadth data, the regime remains Cautious as liquidity siphoned by the SpaceX IPO dampened mega-cap tech. We analyze the disconnect between the Bull/Bear gauge and market reality, highlighting the ‘beat and fall’ of Adobe and the rotation into cyclical leaders like Mosaic. The post Next Day Prep #277: Market Rally or False Start? The SpaceX Effect & Cautious Verdict – Friday 6/12/2026 first appeared on WaveRider Reads: Trading Books Unpacked.

Topics covered

• market analysis
• SpaceX IPO
• mega-cap tech
• Bull/Bear gauge
• cyclical leaders
• market rally
• investment strategy

Keywords

• market rally
• SpaceX
• Adobe
• Mosaic
• Bull/Bear gauge
• liquidity
• investment
• tech stocks

Mentioned in this episode

Organizations: SpaceX, Adobe, Mosaic

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• Next Day Prep #274: Market Rotation: Safety Over Speed Before CPI – Tuesday 6/9/2026 · June 9, 2026 · 4 min
• Next Day Prep #273: The Green Trap: Why Breadth Matters More Than the Index – Monday 6/8/2026 · June 8, 2026 · 5 min
• Next Day Prep #272: The Streak Ends: Defensive Shift & The New Playbook – Friday 6/5/2026 · June 5, 2026 · 4 min
• Next Day Prep #271: The Rotation Paradox: Market Highs, Sector Crushes, and the Jobs Report – Thursday 6/4/2026 · June 4, 2026 · 5 min

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