Locator: 51402WORKDAY.
Russell 2000: hits all-time high. Small-cap US companies. Beat the NASDAQ 100 in 2026.
S&P 500: intra-day crosses 7,800 for the first time. Closed at 7,798.99.
IPOs pending:
- again, the amount of money that is being thrown around is incredible
- compare
- GM: $75 billion
- Anthropic: $2 trillion (or 2000 billion / 75 billion = 27, let's call it = 30 GMs)
- can you imagine waking up one day and learning that 75 manufacturing facilities the size of GM were going public -- on one day -- and the 75 "new GMs" were all headed by one founder and CEO -- oh my goodness
- each are valued about $900 billion; about $100 billion separates them
- each may value their company with an IPO for $2 trillion
- OpenAI: a little messy right now
- Anthropic: hitting on all eight cylinders
Why stocks keep rallying: profit margins are the cheapest on record. On record. That's a long time, and a lot of water under the bridge. Link here.
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Back to the Bakken
WTI: $81.21.
Active rigs in the Bakken: 31.
No new permits. No activity today.
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The Movie Page
Robert Mitchum's Top Five
#5: The Searchers: John Wayne
#4: Casablanca: the entire cast, dialogue
#3: The Godfather -- the first one, or all of them
#2: Citizen Kane --
#1: Treasure of Sierra Madre
