An Update On The Aerial Economy

Good morning - 

I know yesterday was great to see a sea green, but we need the market to prove Monday’s move. I feel it important to reiterate my cautious vibe. 

Monday’s close was anything but impressive, settling just shy of its intraday low.

We need to see follow through - a sustained move. 

"Nothing good happens below the 200D MA."

But anything’s possible. 

Here’s the weekly S&P 500 day chart 2 points below it 40W (200D) moving average. The pros own the close!

Two things can be true. 

Stocks look rough. And the Aerial Economy accelerates.

Let’s not lose sight of the bigger trends slowly taking flight. 

Drones have the spotlight due to the conflict in Iran.

But it's not just small autonomous flying robots, designed to destroy, experiencing innovative leaps.

AI is great. Claude is crazy. And I have yet to fully grasp OpenClaw, but all in due time. 

Zipline raised another $200M, on top of the $600M announced in January. 

Boom Supersonic and NASA are building boomless supersonic jets. A venture, if successful at scale, could forever change long-range transportation. 

The FAA and US DOT launched the Electric Vertical Takeoff and Landing (eVTOL) Integration Pilot Program (eIPP) as of this month. Participants include - Joby, Archer, Beta and Wish.

And NASA’s Artemis II crewed mission around the Moon is slated for as soon as April 2026.

This stuff is big. 

These missions inspire generations. 

They're moonshots.

But before we depart, let us pay our respects following Sunday's tragic accident. 

May pilots - Antoine Forest and MacKenzie Gunther - rest in peace. 

Disclosure: This is not financial advice.