Just in case you’re wondering why indexes + individual names like $SNDK to $MRVL to $LITE are green now.
Trump just cancelled attacks on Iran.
This market is so volatile…
SpaceX has officially confirmed that they are on track to IPO tomorrow at $135 per share! 🚀
"SpaceX today confirmed the pricing of its initial public offering of 555,555,555 shares of its Class A common stock, at a public offering price of $135 per share. The shares are expected to begin trading on the Nasdaq Global Select Market and Nasdaq Texas on June 12, 2026, under the ticker symbol "SPCX."
The offering is expected to close on June 15, 2026, subject to customary closing conditions. In addition, SpaceX has granted the underwriters a 30-day option to purchase up to an additional 83,333,333 shares of its Class A common stock at the initial public offering price."
$1.2 TRILLION ADDED TO US STOCKS IN JUST 20 MINUTES.
Market explodes after Trump cancels Iran airstrikes and says the US-Iran deal signing will happen soon.
S&P 500 is up +1.33%, adding $890 billion to its market cap.
Nasdaq is up +1.75%, adding $670 billion.
Dow is up +1.22%, adding $150 billion.
Russell 2000 is up +1.70%, adding $56 billion.
And the SpaceX IPO is less than 24 hours away.
We are witnessing financial history.
Rising Treasury yields are now the biggest threat to the equity market:
The 3-month correlation between the 10-year Treasury yield and the S&P 500 is down to -0.62, the lowest in at least 15 years.
This means that when Treasury yields rise, stock prices fall, and when yields fall, stocks rise.
By comparison, during the 2022 bear market, this correlation never crossed -0.50, making the current reading the most extreme negative relationship in decades.
Following the 2008 Financial Crisis, yields and equity prices moved in the same direction, supported by strong economic growth and earnings expectations.
Currently, rising yields reflect surging inflation fears rather than growth optimism, weighing on stock valuations rather than signaling economic strength.
Keep watching the bond market.
Crisis PR expert Mike @reputationdr Paul says he's launching a new podcast this fall dubbed 'Reputations in Crisis with Mike Paul.'
His new pod will be available on all platforms, including iTunes and Google. Video version will appear on YouTube.
President Donald Trump’s younger brother, Robert Trump, a businessman known for an even keel that seemed almost incompatible with the family name, died Saturday night after being hospitalized in New York https://t.co/bklGdcKvgE
Why don’t they want us to vote? Why are they creating obstacles to us voting?
It’s this simple: when we vote things change. When we vote things get better. Vote.