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Jun 12, 2026
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5 min read
Oil dropped. Citi upgraded AMD and named a bigger customer than expected. European travel stocks had their best day in months. SpaceX made Musk a trillionaire and Tesla fell anyway.
Trump called off strikes and said an Iran deal is in "final shape." The market surged 930 points. Oil fell to its lowest level since April. SpaceX starts trading today at a $1.77 trillion valuation. And wholesale inflation hit its highest annual rate since late 2022 on the same morning nobody noticed.
Jun 11, 2026
Trump named Kharg Island, handling 90% of Iran's crude exports. PPI beat estimates again. Retail sold chips for two days straight. SpaceX priced at $135 tonight.
Oracle crushed every revenue line and the stock fell sharply after hours. The cost: $70 billion in planned capex next year and another $40 billion fundraise. The ECB is expected to hike for the first time since 2023. PPI drops at 8:30.
Jun 10, 2026
4 min read
May CPI came in at 4.2%, exactly as expected. Core was softer. The Fed got nothing useful. Trump threatened Iran and WTI bounced back. Amazon entered trucking. SoftBank's OpenAI loan hit a wall. SpaceX lost $300 billion in pre-IPO futures.
The Energy Secretary said Hormuz traffic was rising meaningfully. Eight hours later, CENTCOM struck Iranian air defenses near Bandar Abbas. Oil is bouncing this morning. May CPI drops at 8:30 with the war premium reshuffled overnight.
