Opens segment asking if markets are looking higher after earnings, specifically Palantir.
Nicole
Kevin Hanks
Confirms futures (E-minis, Nasdaq) are higher, driven by a beat-and-raise from Palantir which was previously under pressure.
Kevin Hanks
Notes Palantir stock is up significantly and will be a major topic, validating the AI trade given hyperscaler spending.
Kevin Hanks
Explains frustration in markets due to government shutdown delaying key economic data (JOLTS, payrolls).
Asks about 'Project Vault' for rare earths.
Nicole
Kevin Hanks
Describes Project Vault as a $12B public-private fund to create a US strategic reserve for rare earths, reducing dependence on China.
Asks if metals are 'back'.
Nicole
Kevin Hanks
States metals markets are volatile with whippy, two-way trades, not trusting rallies or sell-offs.
Notes DA Davidson lowered Palantir price target to 180 but maintains neutral rating.
Nicole