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๐Ÿ“‰ The Most Overbought Stock In History

Top 7 Stocks For June

This isnโ€™t about chasing headlines.

Itโ€™s about understanding where capital is flowing next.

The guide includes:

  • Sector-level momentum insights

  • Individual stock breakdowns

  • The data behind each pick

Will all seven outperform? Of course not.

But ignoring rotation has historically been costly.

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โ˜•๏ธ GM Munchers! We just hit 50,000 subscribers and we want every one of you to know how much it means. New here? Glad you found us. Been here since the beginning? You are the reason we kept going. My wife is the happiest person about this milestone. Before you existed, she was the one I turned to every morning with breaking market news and strong opinions about the Fed. Now I have 50,000 of you. She described it as the best thing that ever happened to our marriage. I guess Iโ€™ll take that as a compliment.

On todayโ€™s menu:

  • ๐Ÿ“‰ SpaceX, Peace, And A Trillion Dollars

  • โšฝ๏ธ Someone Lost $1 Million Betting On Spain

  • ๐ŸŽ๏ธ Ferrari Gets An Upgrade

  • ๐Ÿ’พ This Just Became The Most Overbought Stock History

  • ๐Ÿฅˆ Is Silver Making a Comeback?

Yesterdayโ€™s numbers:

S&P 500

7,554

+1.65%

Nasdaq

26,683

+3.07%

Dow Jones

51,671

+0.92%

Bitcoin

~65,500

+1.22%

BREAKING NEWS

๐Ÿ“‰ SpaceX, Peace, And A Trillion Dollars.

Yesterday was historic.Just when you thought the market couldnโ€™t keep going up, it finds another trillion dollars out of nowhere.

Yes, yesterday alone, $1.1 trillion was added to the US stock. The Iran peace deal, falling oil prices, and renewed optimism about the Fed sent money flooding into stocks across every sector. When everything goes green at the same time, it is usually because one very big thing changed. Yesterday that thing was the end of a war.

$SPCX SpaceX had another extraordinary session. The stock closed up another 19% and the company is now valued at $2.5 trillion, cementing its place as the sixth largest public company in the world. Amazon currently sits at the fifth spot and SpaceX is now just 5% away from overtaking it. At the pace this stock is moving, that conversation could happen this week.

Here is what the rest of the week looks like for traders:

  • The Fed meets Tuesday and Wednesday. No rate hike and no rate cut is coming. That much is essentially guaranteed. Polymarket puts the odds of no change at over 97%.

  • What actually matters is what Kevin Warsh says. Wednesday will be his first press conference as Fed Chair and every word will be analyzed, parsed, and traded on in real time. Does he signal a hike is coming later this year? Does he leave the door open for cuts? Does he push back on the rate hike expectations the market has started pricing in?

  • Inflation is still at 4.2%. The Iran peace deal should bring energy prices down over the next few weeks. If Warsh acknowledges that and sounds less aggressive than expected, markets could rally again. If he sounds hawkish and signals rates are going higher, the celebration from yesterday could get reversed fast.

The Munch Take: The market added $1.1 trillion yesterday because a war ended and a rocket company kept going up. That is 2026 in a sentence. Wednesday is the day that actually matters this week. Whatever he says will matter more than any earnings report, any geopolitical headline, or any other data point this week. My wife asked me what Kevin Warsh was going to say. I told her nobody knows yet. She said "so Wednesday is going to be stressful then." I said yes and that I would not be able to make it to dinner at her parents. She said this is the most convenient Fed meeting in the history of our marriage. Sheโ€™s not wrong.

โšฝ๏ธ Someone Bet $1 Million On Spain Yesterday. A 40-Year-Old Goalkeeper Destroyed Them.

There are bad days at the office. Then there is losing a million dollars because a 40-year-old goalkeeper from Cape Verde decided yesterday was his day.

Spain opened the 2026 World Cup against Cape Verde yesterday in Atlanta. Spain had 27 shots. Cape Verde had six. Spain's expected goals were 2.29. Cape Verde's were 0.3. By every statistical measure that exists, Spain should have won this game and it was not supposed to be close.

It ended 0-0.

Someone on Polymarket placed a $1 million bet on Spain to win. If Spain had won, they would have walked away with $1,085,000. Instead they lost every single dollar of the million they put in. Not a bad day. A catastrophic one. Not because Spain played badly. But because Cape Verde goalkeeper Vozinha, 40 years old, made seven saves including several at point blank range, becoming the hero of one of the biggest upsets in World Cup history. Cape Verde is ranked 64th in the world. They were making their World Cup debut. The million dollar bettor probably did not sleep last night.

Here is the bigger story though. Five years ago this kind of trade did not exist for regular people. You traded stocks. You traded currencies. You bought Tesla or sold the euro. Now you can place a million dollar bet on a soccer match through a prediction market and it is tracked, settled, and reported on like any other financial instrument.

Prediction markets are becoming real financial products fast:

  • Polymarket processed over $1 billion in trading volume in May 2026 alone. That is not gambling money sitting in an offshore account. That is real liquidity trading real events in real time.

  • $HOOD Robinhood launched its own prediction market product earlier this year, bringing the concept to millions of mainstream retail investors who would never have opened a Polymarket account.

  • Wall Street is paying attention. Several hedge funds now trade prediction markets as part of their macro strategy, treating them the same way they would trade an options contract.

The Munch Take: A million dollars on Spain to beat Cape Verde in the World Cup opener seemed like the safest bet on the planet. Spain are World Cup contenders. Cape Verde were making their debut. A 40-year-old goalkeeper stood in the way and said no to every single shot for 90 minutes. The million dollars is gone. Vozinha is a national hero. The person who placed that bet is somewhere right now having a full-blown existential crisis. My wife saw the result and said "I could have told them Cape Verde would not lose by much." I asked why. She said "underdogs always want it more" She has never watched a soccer match in her life. She still might have been right.

It sounds unbelievable... but one overlooked strategy has averaged 29% annually since 2000.

Now you can finally see how it works โ€“ and whether it could help grow your own wealth.

MARKET OVERVIEW

๐Ÿฟ Tasty Movers & Shakers

๐ŸŽ๏ธ $RACE Ferrari jumped 4% after Morgan Stanley upgraded the stock, pointing out that rich people are still buying Ferraris regardless of what the economy is doing. Turns out demand for $300,000 cars is not particularly sensitive to interest rates. Good to know.

โœˆ๏ธ $TRIP Tripadvisor climbed over 1% after selling its European restaurant reservation business to American Express for $700 million in cash. Tripadvisor is essentially getting paid to simplify itself. The market approved of the transaction immediately.

๐Ÿ’พ $MU Micron Technology surged nearly 11% as investors came back to the AI trade and remembered that memory chip shortages are very real and very profitable for the companies that make them. After weeks of selling everything tech-related, the money came back fast.

๐Ÿ›ข๏ธ $CVX Chevron and $XOM Exxon Mobil dropped 3.64% and 4.12% respectively as oil prices fell on news of the US-Iran peace deal and the Strait of Hormuz reopening. When a war ends, energy stocks bleed. That is not complicated math. It is just the cost of being in the oil business when peace breaks out.

๐Ÿค– $NVDA Nvidia gained 3.54% as the company prepared its first investment-grade bond offering in five years, reportedly targeting at least $20 billion. A bond offering is when a company borrows money from investors by issuing debt. When Nvidia does it, it becomes a financial headline. The stock went up anyway.

STOCK OF THE DAY

๐Ÿ’พ SanDisk Just Became The Most Overbought Stock In The History Of The US Market.

That headline is not a typo. Not an exaggeration. Just a fact.

$SNDK SanDisk Corporation hit a monthly RSI of 99.19 last week. RSI stands for Relative Strength Index and itโ€™s a tool that measures how overbought or oversold a stock is on a scale of zero to 100. Anything above 70 is considered overbought. 99.19 is a number that has never been recorded for any US stock in history.

The stock went public at roughly $38.50 per share when it was spun off from Western Digital in 2025. It is now trading above $2,097. That is a 5,302% return in roughly one year.

If you put $10,000 into SanDisk at IPO you would have over $540,000 right now. If you put $100,000 in, you would have over $5 million. The people who bought this stock at the start and held it are not just doing well. They are now life-changing wealthy.

๐Ÿ“ˆ The Bull Case:

  • SanDisk has signed long-term contracts worth at least $42 billion with hyperscaler customers including Amazon, Google, and Microsoft. That is guaranteed revenue that most companies would never dream of having on the books.

  • AI data centers need enormous amounts of storage and SanDisk makes the memory chips that power them. Every new AI model trained and every new data center built means more demand for exactly what SanDisk sells.

  • Fourth quarter guidance projects revenue of $7.75 to $8.25 billion with earnings per share of $30 to $33. These are numbers that would have seemed completely impossible twelve months ago.

๐Ÿ“‰ The Bear Case:

  • The memory chip industry is one of the most cyclical in all of tech. When manufacturers see high prices they always add capacity. When that new supply hits the market simultaneously, prices collapse. Samsung and Micron are both expanding production right now.

  • The stock trades at over 70 times trailing earnings. At that valuation there is essentially no margin for error. One bad quarter or one soft guidance update and the selloff could be severe and fast.

  • A monthly RSI of 99.19 is the market's version of a smoke alarm going off. It does not mean the house is on fire yet. But it means something is very hot.

The Munch Take: SanDisk went from $38 to over $2,100 in roughly a year. The people who bought it at IPO and held on are sitting on returns that most investors never see in an entire career. We are not going to pretend there is money to be made chasing this stock at current levels. The most overbought reading in the history of the US market is not a buy signal. Could someone short it and make a fortune? Possibly. Are we ballsy enough to do that? Absolutely not. We would rather just sit here and stare at the chart wishing we had a time machine.

TRADING SUCCESS

๐Ÿค‘ Tuesday Motivation

๐Ÿช Munchy Memes

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