Good morning.
The Fast Five → All eyes on Warsh, SpaceX stock jumps up over 40% since debut, US-Iran deal relieves energy markets, Nvidia joins AI borrowing frenzy, and Ackman teases four new stock bets in new fund…
📌 Read this before you touch SPCX →
(from Altimetry)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
Retail Sales, 8:30A
Pending Home Sales, 10:00A
Fed Interest Rate Decision, 2:00P
Fed Chair Warsh Presser, 2:30P
Your 5-minute briefing for Tuesday, June 16:
BEFORE THE OPEN
As of market close 6/15/2026.
Pre-Market:
Market Wrap:
Futures flat Dow -46, S&P flat, Nasdaq flat
Dow +469 (+0.92%), S&P +1.65%, Nasdaq +3.07%
All three indexes rallied on US-Iran peace deal optimism
Dow closed at a fresh record and hit a new intraday high
Strait of Hormuz expected to reopen Friday, pressuring oil prices
Investors see signs of economic resilience despite geopolitical risks
Tuesday: Housing starts and trade price data due
EARNINGS
Here’s what we’re watching today:
WED: *CarMax $KMX ( ▲ 1.85% )
*Jabil $JBL ( ▲ 0.21% ) - $3.10 EPS (+21.6% YoY) on $8.61B (+9.9% YoY)
THU: *Kroger $KR ( ▼ 1.0% )
SPSX: Buy Now or Wait?
It's the biggest IPO in history...
Should you buy in now – or wait for a dip?
According to my colleague Joel Litman, who called AMD before it rose as much as 7,100%...
The best answer is: neither.
While pundits argue whether SpaceX's stock price is "fair" or not...
The biggest chance to profit is happening completely outside of SPCX itself.
It's tied to a hidden project at SpaceX – which has nothing to do with space... but could soon be worth 100 times more than SpaceX's regular launch business.
To learn more about the new SpaceX division already live right now across the American south...
Go here to see a much better way to potentially profit from the SPCX IPO – without touching the stock.
- a sponsored message from Altimetry -
HEADLINES
As Kevin Warsh leads his first policy meeting as Federal Reserve chairman this week, he is not getting the luxury of starting the job in "easy" mode.
CEO Elon Musk posted on X on Sunday that the company “might be able to reach approximately” $1 trillion revenue in 2030, up from $18.7 billion last year.
Dow climbs to record close as oil tumbles as US-Iran deal spurs (more)
US-Iran deal relieves energy markets (more)
Iran deal could expand market gains, benefiting consumer shares, small caps (more)
Shippers and oil giants seek clarity on US-Iran peace deal (more)
Anthropic to meet with Trump administration over Mythos dispute (more)
US factory production flat in May; AI investment supporting manufacturing (more)
Oil tumbles on US-Iran deal framework: How one trader is playing the move (more)
Chinese economy stalls with investment, consumption in big slump (more)
Nvidia joins AI borrowing frenzy with $25 billion bond sale (more)
Microsoft sued by shareholders over expenses, cloud business, AI (more)
SpaceX to release financial results through website and X platform (more)
Polymarket traders clash over $345M Iran peace market (more)
Ackman teases four new stock bets in new fund (more)
DEALFLOW
M+A | Investments
Fox strikes $22B deal for Roku to fuel streaming push
Nuvei to buy Payoneer for $2.75b in cross-border payments push
American Express to buy Tripadvisor's restaurant booking unit in $700M deal
Landseed receives $400K social-impact investment
VC
Genspark.ai, an agentic AI company building workspace solutions, raised $100M in Series B extension
Cellares, an IDMO specializing in cell therapies, raised an additional $50M in Series D funding
Radical Numerics, an AI research lab building general biological intelligence, raised $50M in Seed funding
Interchecks, an instant payments platform provider, raised $50M in Series C funding
Sandstone, an automated intake and workflow platform for in-house legal teams, raised $30M in Series A funding
Podium Automation, a control panel manufacturer, raised $18M in Series A funding
ChatSee.ai, a company providing intelligence layer services for autonomous AI systems, $6.5M in funding
Courtroom, a company leveraging AI simulation tech for litigation and trial teams, raised an undisclosed amount in Pre-Seed funding
CRYPTO
‘Crypto spring’ is here, says analyst after Bitcoin's key signals turn bullish (more)
Coinbase's Brian Armstrong says Bitcoin may have bottomed at $60,000 (more)
Michael Saylor's Strategy acquires another 1,587 BTC for $100M (more)
Kraken debuts US perpetual futures as crypto derivatives move onshore (more)
BULLISH BITES
🤨 The 8 unresolved questions in Trump's Iran deal.
📊 Trump's 3,600 stock trades from the first 3 months of 2026.
🦕 Jurassic Finance fossil investment platform.
👟 9 stylish pairs of canvas sneakers you’ll want to wear all summer.
DAILY SHARES
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