Meanwhile, retail investors are piling into SpaceX at an unprecedented pace, even as a massive wave of new supply could hit the market next summer. Each week, the Syz investment team takes you through the last seven days in seven charts.

Most major U.S. stock indexes closed the holiday-shortened week higher, with sentiment broadly supported by news that the U.S. and Iran had signed a memorandum of understanding, clearing the path toward reopening the Strait of Hormuz and helping push oil prices lower (worst week in 2 months). Of the major US equities indexes, the Nasdaq Composite performed best, advancing 2.4%, followed by the Russell 2000 and S&P 500, which added 1.2% and 0.9%, respectively. U.S. markets were closed on Friday in observance of the Juneteenth holiday. The Federal Reserve left the federal funds rate target range unchanged at 3.50% to 3.75% on Wednesday, as widely expected. However, the central bank’s updated Summary of Economic Projections and Chair Kevin Warsh’s first post-meeting press conference were largely interpreted as leaning hawkish, triggering a sell-off in stocks and a rise in short-term Treasury yields on Wednesday afternoon.

No more forward guidance, still dot plots, a hawkish tone on inflation and five new task forces.

Prospects of the end of the US-Iran war and the Strait of Hormuz reopening support bond markets

After more than three months of war and a global energy shock, the United States and Iran have reached a peace deal.

A weekly review of global equity markets for the period ending 12 June 2026, covering the impact of renewed US-Iran tensions and the ECB's first rate hike since 2023 on regional equity performance, the rotation away from mega-cap technology into financials and cyclicals, and the significance of the SpaceX IPO as a landmark moment for the AI infrastructure investment cycle.

Meanwhile, IPO boom brings US stock supply back into positive territory and FIFA become world champions of overpriced tickets. Each week, the Syz investment team takes you through the last seven days in seven charts.

Major U.S. stock indexes ended the volatile week higher as cautious optimism around a possible U.S.-Iran agreement, declining oil prices, and continued broadening beyond large-cap tech stocks helped offset mixed inflation data and volatility in AI-related shares. Small-cap stocks led the advance, with the Russell 2000 Index rising 3.9%, while the Dow, S&P 500, and Nasdaq Composite all added over 0.6%. The Russell 1000 Value Index outpaced its growth counterpart for the second week in a row. Risk appetite improved late in the week, following reports of progress toward a U.S.-Iran agreement and President Trump’s cancellation of planned strikes.

BCE decision from 11 June 2026

Rising rates weight again on bonds’ performance while Corporate and EM spreads remain tight