AI mega-caps remain under distribution as SpaceX’s $75B IPO ($150B+ in orders) drains liquidity — MRVL -7.6%, AAPL -3.7%, Nasdaq -1.12%. Iran-Israel ceasefire cuts WTI -3% to $88.54 — but Hormuz stays blocked and Trump vowed a US response to the Apache downing. NFIB price plans hit 34% (4-year high); Wednesday’s CPI consensus is 4.2% YoY (3-year high) — make-or-break for Warsh’s June 17 FOMC debut. GSK bids $10.6B (40% premium) for Nuvalent’s oncology pipeline; 9 of 11 sectors advanced on defensive rotation.
Tag Archives | Israel
