Market Briefing For Monday, June 1, 2026

Dismissing concerns of risk was indeed our general idea to traverse May; which we thought would lead to renewed strength after Memorial Day; and at least a solid beginning for June. So with DELL setting the tone; it looks like it, at least as we finished May on a good upbeat; amidst wild new-era twists too.

But that's not necessarily going to be the case for much longer, particularly 'if' the market has already priced-in a satisfactory (if not perfect or truly resolved) Iranian situation. If it is at least put-on-hold for the 60 days; you get simmering tensions (barring other events that of course can arise) and a chance for the S&P to overall hold together..ideally even close to our 4th of July Anniversary.

We are absolutely not suggesting chasing the S&P; just that it assists the tone or backdrop for the 'broadening-out', which has occurred behind the scenes in a way we wanted for quite some time. Hence for now the 'beat goes on'.

Market X-ray: for us a big event of the week was a Wall Street Journal middle of the night story Wednesday, regarding the prospect of the Administration in some sort of discussion regarding 'investing' in domestic 'drone' manufacturer via several companies. One mentioned was Unusual Machines (already one of our new-era tickers, and pretty steady in the middle teens for months with a degree of volatile chop that is not unusual in such relatively thin float stocks).

It didn't take long for investors and media to 'discover' what we knew all year; that Donald Trump Jr. is on the Board.... and that Ondas has a relationship as well (unsure exactly what extent, but in a recent interview CEO Allen Evens of UMAC mentioned the good jobs being done by others; naming Eric Brock of Ondas and Sam Rubin of LightPath. Plus UMAC recently acquired one logical synergistic business for electric drones; a modular battery company.

UMAC ran to around 30 on this; and then Friday the requisite (dramatic early) profit-taking; which was mostly entirely recovered by Friday's finish. I'm trying to recover myself (physically), so let's keep this Briefing short as little changed aside everyone pondering how long this can go on... and the answer is longer especially for new-era tickers presumably on the verge of contracts that aren't 'priced-into' their levels so much as the S&P or NDX is.

Bottom line: We aspire to outperform this past 4-day trading week project to be 'up'; but we'll see depending how stretched things become short-term. So we ended the week strong enough, hanging onto essentially most all gains of course made Thursday following the 'goose' from the Wall Street Journal (still not know if that's really forthcoming; hope so; but not essential for the majors; while would be helpful in expediting building-out manufacturing for smaller(s)).