Market snapshot, not real-time
S&P 500 (SPY) $773.26 +0.61% Nasdaq-100 (QQQ) $723.03 +1.17% Dow (DIA) $539.62 +0.27% Russell 2000 (IWM) $301.56 +1.11% 10-Year Treasury (IEF) $93.17 +0.24% Crude Oil (USO) $117.98 −0.75% Gold (GLD) $398.47 +2.26% US Dollar Index (UUP) $28.07 −0.43% Volatility (VXX) $20.32 +0.44% Semiconductors (SMH) $582.70 +1.96% Silver (SLV) $57.50 +2.95% Emerging Markets (EEM) $65.64 +0.95% Bitcoin (BTC) $64,891.61 +0.98% Ethereum (ETH) $1,914.80 +0.65% S&P 500 (SPY) $773.26 +0.61% Nasdaq-100 (QQQ) $723.03 +1.17% Dow (DIA) $539.62 +0.27% Russell 2000 (IWM) $301.56 +1.11% 10-Year Treasury (IEF) $93.17 +0.24% Crude Oil (USO) $117.98 −0.75% Gold (GLD) $398.47 +2.26% US Dollar Index (UUP) $28.07 −0.43% Volatility (VXX) $20.32 +0.44% Semiconductors (SMH) $582.70 +1.96% Silver (SLV) $57.50 +2.95% Emerging Markets (EEM) $65.64 +0.95% Bitcoin (BTC) $64,891.61 +0.98% Ethereum (ETH) $1,914.80 +0.65%
AEACapital Research

Independent student research — not an investment firm or financial advice

August 2026 · Interim Note

Three Earnings Prints I Can Trace, One Move I Can’t

August 7, 2026 · Not a full monthly letter — a short check-in between them

Friday was a genuinely broad up day across my book: 19 of my 32 positions closed higher, 13 closed lower, and — unusually for a month full of days I couldn’t fully explain — most of the big moves came with a real, dated story attached.

Three I can trace, one I can’t

SpaceX (SPCX), 8 shares, rose 15.83% to $133.11 after its post-IPO lockup — 911.5 million shares — expired without triggering the sell-off everyone was bracing for, and the company separately announced a $16.8 billion joint semiconductor plant with Tesla. That’s a headline I can trace to a number, unlike Wednesday’s 13.61% lockup-fear drop. Read the full writeup on the News page.

Rocket Lab (RKLB), 3 shares, rose 9.46% to $82.83 on its 13th Electron launch of the year, days after a $397 million Space Force contract. ServiceNow (NOW), 6 shares, rose 6.42%, and CoreWeave (CRWV), 5 shares, rose 6.26%, both riding the same AI-infrastructure-earnings mood as SpaceX’s week.

Tempus AI (TEM), 4 shares, rose 12.86% to $52.05 — the single biggest percentage mover in my book after SpaceX — and I couldn’t find one dated article explaining why. SanDisk (SNDK), 2 shares, was my sharpest decliner, down 3.68%. Gold and silver both rallied hard, GLD up 2.26% and SLV up 2.95%, without a clean story attached either. I go further into what that split — three explained rallies against one that isn’t — actually means for how I read a day like this in today’s Opinion piece.

No trades today

The Blackout Rule and Holding Period exist for exactly this kind of session — a good day is still not a decision day. Nothing Friday changes a thesis I’ve already written up; it just moved the price, and in Tempus AI’s case, without a source I’m willing to name.

Sources: cited in full on the linked News and Opinion articles. Price data via Massive Market Data. This note is educational and reflects my personal views only. It is not investment advice.