S&P Hits New Highs as Tech Earnings Crush Recession Fears | The Weekly Wrap

On this episode of The Weekly Wrap, Steve Eisman breaks down why strong earnings, surging AI investment, and dominant tech leadership continue to push the market higher despite ongoing concerns about consumer weakness, war in Iran, and elevated valuations. Steve analyzes the latest results from companies including Palantir, AMD, Disney, Shopify, PayPal, Apollo, KKR, and Arista Networks, while also explaining why semiconductors, industrial power plays, and financials remain the market’s biggest drivers. Plus, Steve discusses Amazon’s expansion into logistics, GameStop’s surprise bid for eBay, private credit risks, and why traditional recession indicators still aren’t flashing red.

00:00 - Intro

00:53 - The Real Eisman Playbook Premium

03:42 - Iran War Updates

04:17 - Amazon vs FedEx & UPS

04:54 - GameStop vs eBay, Why Michael Burry Just Sold Everything

05:28 - Quarter Overview & Revenue/Earnings Growth,

08:34 - The S&P 500 Hits a 20% Operating Margin

10:21 - Palantir

12:16 - Transdigm

12:53 - KKR

13:19 - Apollo & Private Credit Fears Fade

15:19 - Eaton

15:52 - Rockwell Automation

16:22 - Diamondback Energy

16:53 - PayPal

17:43 - Fiserv

18:59 - Shopify

19:50 - Arista

20:30 - AMD

21:07 - Disney

22:25 - McDonald's & Shake Shack

22:55 - Whirlpool & Zillow

23:35 - Mailbag: Is a Shiller PE of 40 a Death Sentence for the Market?

25:36 - Outro

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