South Korea's $KOSPI hit a new all-time high today, even as U.S. markets fell after Fed Chair Kevin Warsh hinted at a possible rate hike this year.
KOSPI is up +113% in 2026, adding over ₩3,860,000,000,000,000 ($2.8 TRILLION) in market value. Source: Bull Theory
Big shift in Fed dot plots with the median member now forecasting 1 rate HIKE this year when previously they were forecasting 1 rate CUT.
The stock market may not like it but this is the right move if the Fed wants to regain any credibility as an inflation fighter. Source: Charlie Bilello @charliebilello
FLOWMAGEDDON: ETF flows have touched $1 trillion YTD, and it's still June...
To be sure, a touch of this is S&P 500 rebalancing but it is looking pretty good that last year's $1.5T record will be broken. Amazing $DRAM is in top 10 overall. Even tho SpaceX has stolen all the attn DRAM is still top 5 story of year. Source: Bloomberg, Eric Balchunas
Anthropic just dropped a 31-page prompting guide.
AI evolution distilled it into 9 practical prompt tips you can learn in under 60 seconds
SpaceX is now the 6th largest market cap in the world ($2.64T). It is very close to Amazon and even overtook it intraday. Space X is not too far away from #4 Microsoft. What a start...
Source: www.companiesmarketcap.com
Alpine Macro beautifully explained what the playbook could be for SpaceX:
Stage 1 (near-term): Scarcity + retail FOMO + passive index buying force a squeeze higher. Indexes absorb 20% of SpaceX float in the first 15 trading days. Stage 2 (months out): Lock-ups expire → insiders sell → float balloons → passive funds scale rebalance → pressure on largest, most liquid names (i.e. Big Tech) Here's a visual that sums it up. The real risk isn't the IPOs failing. It's them succeeding too well, too fast.
SpaceX has agreed to acquire Cursor, the world's fastest growing software startup, for $60 billion in an all stock deal.
Who is Cursor? It is an AI-powered code editor and software development agent that acts as an "AI copilot" for programmers. Founded in 2022 by Anysphere, it features deep integrations with models like GPT-4, Claude, and xAI, allowing users to write, debug, and auto-complete code using natural language instructions Cursor has over 1 million paying customers, more than $2 billion in annualized revenue, and is projected to hit $6 billion by end of 2026. At $60 billion, this is the largest software acquisition in history, paying 20 to 30 times Cursor's current revenue. The deal is subject to regulatory approval and expected to close in Q3 2026. SpaceX now owns the rockets, the satellites, the AI models, the chips, and is about to own the tool every developer on earth uses to write code. Source: Bull Theory
OVX (the VIX equivalent for Oil) has almost completely round-tripped the war spike, trading back near pre-conflict levels.
Markets have aggressively removed geopolitical risk premium, even though the region remains far from calm. Volatility is not screamingly cheap, but it offers a relatively inexpensive way to express a directional oil view or simply own gamma should tensions escalate again Source: TME
