📊 SpaceX Hype Redirecting Flows?

Good Morning Investors,

Sector leadership came from energy and mining where stronger commodity prices and renewed flows into hard assets lifted producers and exploration names. Biotech also moved higher with steady demand for health care innovation even as broader market reaction to the policy move remained muted.

Technology sentiment improved as policymakers and industry executives highlighted ongoing investment in artificial intelligence and data center infrastructure. Investors also monitored interest in space and defense supply chains amid discussion of a potential SpaceX offering.

Comments from the Federal Reserve regarding potential payroll revisions and housing pressure underscored the sensitivity of smaller companies to labor costs and tighter credit. A concurrent rise in longer term Treasury yields, despite the policy cut, added a note of caution on funding conditions.

Matthias Schneider
Editor at Analytica Investor