Weekly Market Outlook 06/21/2026
Open(source) AI
Hello traders,
Hope you all had a great weekend.
Happy Father’s day to all the amazing fathers around the world and wish you all enjoy your day to the fullest.
We had an excellent week this past week with us catching an excellent FOMC short.
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Our Intel position as discussed in the June 9th newsletter is now up 2500bps and has smashed new all time highs.
The local compute/inference basket will be out shortly.
We had touched upon how China’s path looks towards AI dominance in last week’s outlook
And just this past week Z.ai launched their new flagship model ZLM 5.2 which is already talk of the town (by town I mean the autistic part of x dot com the everything website)
Benchmarks don’t mean much but this is an eyebrow raising performance for an open-source model.
Personally, using ZLM 5.2 has been a breeze and it is very very close to using Opus as your daily driver at tenth of the cost, so this is going to put Anthropic/OpenAI in a tough spot unless they pull more rabbits out of their hats.
In the coming weeks, we should see Anthropic and OpenAI launch newer models in order to stay competitive and have a viable path to IPO.
MICRON, RATE HIKES AND PCE
The two main events this week are Micron earnings and the PCE report which is the Fed’s measured gauge of inflation.
