SPCX IPO is behind us, and the first day didn‘t go all too bad (certainly better than feared given the current profitability and valuations). S&P 500 with especially Nasdaq had an opening bell bout of weakness followed by decent stabilization and recovery as called for clients.
Part of the move can be assigned to peace – memorandum expectations – so where does it leave us given that it started looking already Saturday nothing would happen? It would not be derailed it would not send oil spiking – check out the coming dollar chart, and how it‘s driven by rising yields alongside rising inflation prospects.
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