June 5, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Blowout Jobs Report

Please click here for a chart of the leveraged semiconductor ETF (SOXL).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock. The chart of the leveraged semiconductor ETF SOXL is being used to illustrate the point.
• Semiconductor mania is one of the three manias driving the stock market higher. Semiconductor mania has been the main factor driving the stock market higher.
• The chart shows a drop in SOXL after Broadcom (AVGO) earnings came well below whisper numbers.