🐳 WhalePool Traders Journal
2.77K subscribers
18.8K photos
56 videos
1.1K files
89.7K links
Bad trading habits make trading like gambling. This channel is for proactive and decerning investors and traders
Download Telegram
#USMarketUpdate
SpaceX IPO live updates: Elon Musk's SpaceX stock soars in market debut as Dow, S&P 500, Nasdaq rise

Live updates

SpaceX (SPCX) made its historic debut on Friday, as shares soared 19% to $160 on their first day of trading.
L Investors' expectations for the stock were sky-high going into the start of trading. Shares opened at $150 each.

The company, which aims to put AI data centers in space, priced its shares at $135 each, raising about $75 billion and giving it an anticipated market capitalization of $1.77 trillion. On paper, CEO Elon Musk became the world's first trillionaire.

Meanwhile, US stocks rose modestly as investors assessed reports that the US and Iran are closing in on an interim peace deal.

The Dow Jones Industrial Average (^DJI) rose 0.7%, while the S&P 500 (^GSPC) gained 0.5%. The tech-heavy Nasdaq Composite (^IXIC) added 0.3% following a surge in Wall Street stocks on Thursday as President Trump called off threatened strikes on Iranian targets.

Markets weighed signs that the US and Iran are edging closer to sealing an agreement to reopen the Strait of Hormuz ahead of next week's G7 leaders' meeting. Oil prices extended losses, with Brent crude futures (BZ=F) tumbling more than 3%.

Also on Friday, the University of Michigan reported that US consumer sentiment rebounded from an all-time low reading of 44.8 in May to 48.9 at the start of June. One-year inflation expectations of 4.6% also came in below estimates.

https://finance.yahoo.com/markets/live/spacex-ipo-live-updates-elon-musks-spacex-set-to-make-record-debut-as-dow-sp-500-nasdaq-rise-230015961.html
#AndreiJikh

This video by Andrei Jikh explores a global financial shift and a race to control the future of money. The central thesis is that the traditional dollar-based economic system is under pressure and that a transition is underway toward a system based on physical assets, specifically gold.

Key Themes and Concepts:

The Problem with the Dollar: The video argues that the current system relies on constant growth and human labor (taxpayers and borrowers) to function. The rise of AI threatens this model because it disrupts the job market and the tax base (7:16 - 8:45).
The Gold vs. Paper Race:
The "Shell Game": The video describes how Western financial markets historically kept gold prices suppressed through "unallocated gold" (paper promises) rather than physical holdings (11:04 - 13:35).
The Shift to Physical: Central banks are moving reserves out of US Treasury bonds and into physical gold at an unprecedented rate, a move the video suggests is a hedge against a potential system reset (1:20 - 1:40).
The BIS and Basel III: The Bank for International Settlements (BIS) changed banking rules in 2021 to require better funding for gold positions, signaling that the era of paper manipulation is ending (15:27 - 16:56).
The Clarity Act: To counter the decline in dollar demand, the US is proposing the Clarity Act, which aims to rebuild payment systems on digital rails using stablecoins backed by US Treasury debt. This would effectively turn corporations into mini central banks and embed dollar demand into the global digital economy (0:37 - 1:12; 24:01 - 27:44).
The China Factor: China is highlighted as a major player that has been accumulating gold to protect itself and rebalance global trade, potentially allowing for a massive repricing of gold to solve trade imbalances without war (14:25 - 19:43).

Market Outlook:
Andrei notes that while AI stocks are currently driving the market, the divergence between the stock market (at all-time highs) and the physical gold market (which is experiencing institutional accumulation) is a major paradox.
He expresses caution regarding the current market, mentioning that he holds a mix of stocks, Bitcoin, and cash, but is waiting for a more opportune time to potentially enter the commodities sector (28:56 - 31:23).


https://youtu.be/dg9Ezg_RS6E?is=1fpch3zSXjli_boX
#USMarketUpdate
Wall Street ends higher as SpaceX's market debut dominates | Reuters

SUMMARY
SpaceX surges after public debut
Space stocks slide after rallying ahead of SpaceX debut
Adobe drops after exit of CFO Dan Durn
Indexes: Dow up 0.7%, S&P 500 up 0.5%, Nasdaq up 0.3%

June 12 (Reuters) - U.S. stocks ended higher on Friday as investors held out ​hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut, making it Wall Street's biggest ‌public listing in history.

The United States and Iran signalled that an agreement to end their war was close, with a senior U.S. administration official saying a draft proposal was in place that was liked by both sides. U.S. President Donald Trump has said several times since mid-March that a deal with Iran to end the war was close.

Market participants were glued to shares of Elon Musk's SpaceX (SPCX.O), opens new tab, which began ​trading on the Nasdaq on Friday. Its shares closed up 19.2% at $160.95, well above the IPO price of $135 apiece. Its market capitalization was last at $2.1 ​trillion.

Shares of other space stocks, which soared in the lead-up to the debut, eased on Friday. Rocket Lab's (RKLB.O), opens new tab stock fell 10.8%, ⁠while Intuitive Machines (LUNR.O), opens new tab was down 13.1% and Planet Labs (PL.N), opens new tab declined 8.8%...

Investors were also looking ahead to next week's Federal Reserve policy meeting, which will be the first under the leadership of Kevin Warsh. Traders will be looking for any signs of whether a rate hike is likely as fed funds futures traders price in a 55% chance of an increase by December.

https://www.reuters.com/legal/government/wall-st-futures-rise-mideast-deal-hopes-spacex-debut-focus-2026-06-12/

Wall Street ends higher as SpaceX's market debut dominates
https://www.straitstimes.com/business/companies-markets/wall-street-ends-higher-as-spacexs-market-debut-dominates