Simon discusses the three dominant stories of the day: the Space Exploration Technologies (SpaceX) IPO, potential resolution in Iran, and comments from the new Federal Reserve chair. He stresses that markets are forward looking and investors must appreciate what has already been discounted in asset prices. He also cautions against trying to ride momentum, such is now with chip stocks, as other popular trades have faltered recently. He highlights recent news from AVGO and AAPL.

WIG Stocks: AVGO, AAPL

Non-WIG Names: SPCX

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