Editorial companion

What stands out

Schwab’s June STAX report pushed its trading activity index to the highest level since February 2022, and Joe Mazzola used that runway to highlight SpaceX, Nvidia, and Micron as top buys, with Nvidia taking center stage. That matters because Schwab is showing what actual clients are buying when retail and advisory activity spikes, which is often a better window into conviction than headlines alone. For investors, this is a reminder that the market’s interest is clustering around a handful of high-growth names even as buyers claim they want ‘reasonable’ prices for growth.