SpaceX is the frothiest trade ever and bleeds into other sectors, says S3 Partners' Bob Sloan

Market Trends and Sector Dynamics - The chip complex is catching a bid while software takes a breather, and Cisco is up about 3% [1] - Memory trade peaked on June 22, and DRAM is currently rebounding by 8% [2] - SpaceX is characterized as a generational and trillion-and-three-quarter-billion-dollar IPO, representing the largest IPO globally [3][4] Investment Opportunities and Potential Risks - Short interest bets on SpaceX dropped significantly from 32 billion USD to 24 billion USD over a 60-day period [5] - Stocks adjacent to SpaceX, such as Vastat and Planet Systems, are skewing long due to the Elon Musk influence [11] - Stocks such as Intuitive and AST SpaceMobile are skewing negative because they are perceived as competitors to Elon Musk [11]