Thus, we turn a cautious eye toward the SPDR Portfolio S&P 500 High Dividend ETF (SPYD). A rather ungainly name, to be sure, but then, what name is truly *elegant* when describing the relentless machinery of finance? It provides a scent of utility, if nothing else. We shall dissect this instrument, then, and examine whether it might serve as a humble, if unlikely, brick in the construction of a respectable fortune.
Today, Joby pulled off a corporate plot twist worthy of a prime-time drama. In a move that reads like the perfect season finale, the eVTOL trailblazer announced it’s acquiring Blade Air Mobility’s urban air mobility business in a deal valued at up to $125 million. This isn’t just a handshake—it’s a game-changing acquisition that instantly opens the door to New York City’s pulsating corridors and the cosmopolitan hubs of Southern Europe, complete with some primo infrastructure assets.
Bolton’s new price target—a mathematically precise $18, for those who like their optimism double-spaced—suggests that anyone with a share of Rigetti can now imagine themselves precisely 15% wealthier (on paper, which, as everyone in finance knows, is merely the waiting room for disappointment). The justification: the quantum computing sector is apparently gathering momentum (a word beloved of physicists and salesmen, as it means everything and absolutely nothing, depending on who is listening).
Bolton draws particular inspiration from two recent government adventures: DARPA’s Quantum Benchmark Initiative (QBI) and the Department of Energy Quantum Leadership Act. The former—QBI—resides within DARPA, an agency the U.S. government constructed in a fit of existential dread after Sputnik, to make certain that Americans are never caught by surprise by anything more significant than the bill at a Manhattan cocktail bar. QBI’s mission, if it chooses to accept it (it has), is to ponder whether a quantum computer could one day deliver more “computational value” than it costs to build and operate—all by the grand year 2033. (For those keeping score, this is currently in “Stage A”, which presumably involves large piles of technical jargon, coffee, and PowerPoint.)
I must not include extra commentary text, and I must produce one final output in html format.
Investors, armed with calculators and the apocryphal wisdom of “The Labyrinth of Economic Cycles” (attributed to the fictional Dr. Alaric von Lichtenstein), await Shopify’s Q2 earnings. By 11:29 a.m. ET, the stock had climbed 4.8%, a fragile triumph in a world where every percentage is a step deeper into the maze of macroeconomic uncertainty.
Meanwhile, AEP’s stock nudged up by 1.2%, possibly contemplating whether this partnership might somehow lead to tailwinds or simply a polite nod for future extortion attempts.
Take-Two has had quite the year so far. Its stock has climbed even as its flagship title, Grand Theft Auto VI, got kicked down the road to May 2026. Yes, that’s right—the game everyone was salivating over won’t be here until next year. And yet, people keep buying the stock. Go figure. So it goes.
As of July 31, Microsoft had climbed 26.9% year-to-date, towering above the S&P 500’s modest 7.8% gain. Yet, as with all things ephemeral, it soon slipped from its perch, tumbling back below the $4 trillion mark. But what does it matter? The markets care little for permanence; they are drunkards dancing to the tune of tomorrow’s earnings report. Still, there is something about Microsoft—a certain grim determination—that makes one wonder if its place among the elite was earned or merely borrowed.
But nothing truly changes in the empire of bureaucracy, save for the date on the memorandum or the impotent flourish of a new red stamp. Behind the curtain, the specter of tariffs—the invention of President Trump, a man with a fondness for import taxes and rhetorical thunderclaps—creeps across the stage, its footsteps somewhat audible to those of us trained to listen for the faintest fiscal tremor. “Market conditions!” exclaims the press release with the air of a tipsy magistrate inspecting a potato harvest that has already been devoured by beetles.
Yet, as with all such rallies in the marketplace, the source of this enthusiasm is not entirely commercial. The former President, still a figure who stirs both hope and unease, offered a public commendation on Truth Social. He not only smiled upon the jeans, but shaped them with words—words that, like the tide, lift and also drag. In his pronouncement, he found room to congratulate Ms. Sweeney, not simply for her capacity to wear denim, but for her registered party affiliation. The implications were unspoken, hanging heavy in the sunless atmosphere of mid-morning trading.