Good morning.
The Fast Five → Stocks slide as Wall Street gets AI wake-up call, global tech rout hits Asia, Alphabet added to the Dow, SpaceX adds billions in debt, and Meta plans to build a prediction market app…
📌 Why SpaceX just triggered the end of the bull market >>
(from Stansberry Research)
Calendar: Full Calendar »
Today:
New Home Sales, 10:00A
Tomorrow:
Core PCE Price Index, 8:30A
Final GDP q/q, 10:00A
Your 5-minute briefing for Wednesday, June 24:
BEFORE THE OPEN
As of market close 6/23/2026.
Pre-Market:
Market Wrap:
Dow -46 (-0.09%), S&P -1.44%, Nasdaq -2.21%
Tech selling accelerated as chip stocks plunged
Micron and Sandisk fell 13%; SMH dropped 7%
South Korea's Kospi fell nearly 10%; Nikkei lost 3.6%
Investors rotated into defensive and non-chip tech stocks
IBM rose 5% after an upgrade from JPMorgan
Some investors view the AI-driven pullback as healthy
EARNINGS
Here’s what we’re watching this week:
Today: Jefferies $JEF ( ▼ 3.65% )
*Micron Technology $MU ( ▼ 13.18% ) - average EPS for fiscal Q3 was $20.05. Revenue is expected to surge 276% YoY to $35B
THU: *Darden Restaurants $DRI ( ▼ 0.67% ), Lindsay Corp $LNN ( ▲ 0.59% ), *McCormick $MKC ( ▲ 3.61% )
Why SpaceX Just Triggered the
End of the Bull Market
SpaceX insiders are getting ready to dump as much as $1.6 trillion in paper wealth – the biggest cashout in market history.
The same thing happened in 1999 right before the dot-com crash... and now, it's happening again.
To see where to move your money before the Melt Up reaches its dramatic conclusion, go here while there's still time >>
- a sponsored message from Stansberry Research -
HEADLINES
The tech giant will join the DJI on June 29, replacing Verizon Communications (VZ) in a move aimed at better reflecting growing areas of the US economy.
The app will reportedly use a points system, but possibly cash in the future, The New York Times reported.
Stocks slide as Wall Street gets AI wake-up call (more)
Nvidia, Micron, AMD lead tech sell-off as AI trade cools (more)
Traders brace for volatility as VIX options activity surges (more)
Global tech rout hits Asia (more)
European stocks drop as tech shares slide with AI demand slowing (more)
US Senate gotes to end Iran war in rebuke to Trump (more)
Oil extends slide on expectations of smoother crude flows via Hormuz (more)
Dollar at 13-month high as rate hike bets (more)
SpaceX adds billions in debt while cutting interest costs (more)
SpaceX's wild ride is just getting started (more)
Nvidia just pushed deeper into biomedical research (more)
Micron to report Q3 earnings amid sky-high data demand (more)
Greenspan’s legacy tested by AI jitters (more)
GameStop CEO spurns $35B pay plan to focus on plan to buy eBay (more)
VIX owner Cboe gets into prediction markets to build on zero-day options (more)
Agility, maker of humanlike robots, to go public in $2.5B SPAC deal (more)
Morgan Stanley caps private credit fund after 11.6% exit request (more)
DEALFLOW
M+A | Investments
Walmart to buy Vibe.co to fuel TV advertising business
Superhuman acquires AI detection startup GPTZero
Bristow to acquire Berry Aviation in government push
NatPower, Tesla reach deal on first phase of $5B battery storage plan
VC
Osanni Bio, a development-stage therapeutics platform, raised $190M in Series B funding
Solar Landscape, a platform for distributed energy infrastructure built on commercial real estate, raised a $125M debt funding
Partly, a developer of AI foundation models for the automotive repair supply chain, raised $50M in Series B funding
Probook, an AI-powered operating system for home service businesses, raised $40M in a combined Seed and Series A financing
Allium, a blockchain data platform for enterprises, raised $40M in Series B funding
NorthLinks Bio, a clinical-stage biotech company developing antiviral preventative medicines, rasied $34M in funding
Attention, the AI platform for revenue teams, today announced a $30M Series B
Prosper AI, an AI platform for patient journey management, raised $30M in Series A funding
Rapalogix Health, a biotech company specializing in longevity-based skin health, raised $20M in Series A funding
Tetrix, an AI investment platform for limited partners in alternative markets, raised $15M in Series A funding
Halo, a haircare technology company, raised $7M in Seed funding
Ladder Health, a virtual-first pediatric developmental care company, raised $7M Seed funding
Sophia Space, a company building AI infrastructure and intelligent systems for the space economy, raised $7M in SAFE funding
Concord, an agentic media buying platform provider, raised $3M in seed funding
Eaigle, a company specializing in AI-Native gate and yard automation and data orchestration, raised an undisclosed amount in growth funding
CRYPTO
BULLISH BITES
🤔 Can the market still bet on the ‘Greenspan put’?
📊 Ranking the "Mag Seven" from most to least attractive, based on future cash flow.
⌚️ The 10 best watches at the World Cup (so far).
⛵️ You can escape to Nantucket on a budget.
DAILY SHARES
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