Trafigura just made $4.1 billion in 6 months.
That's more than its entire 2025 full year. October-December 2025 was the 2nd-best quarter in company history and the war hadn't even fully started yet. For context: → Trafigura full-year 2025 profit: $2.7 billion → Trafigura H1 2026 profit: $4.1 billion → Time elapsed: 6 months Source: Jack Prandelli on X
The S&P 500 just said today that it will NOT be changing its inclusion rules to let SpaceX and other mega cap companies enter the index earlier
SpaceX will have to wait at least 1 year to get added to the S&P 500. Indeed, the S&P just announced they will NOT change eligibility requirements to 'fast track' index inclusion for megacap stocks such as the upcoming SpaceX or Anthropic IPOs. Looks like $SPCX will just have to settle for joining the Nasdaq 100 $QQQ Source: Evan, LuxAlgo
The world’s largest private investment group said investors in the $45bn Blackstone Private Credit Fund attempted to withdraw 10% of its net assets in the second quarter.
Source: FT
marvel $MRVL is up 245% since Nvidia announced a $2 billion investment on March 31 and has added $224 billion to its market cap in just 66 days.
Just 3 days ago Jensen Huang said "This is the next trillion dollar company." Since that single sentence, MRVL is up another 65%. At $278 billion today, Marvell needs to 3.6x from here to reach $1 trillion. Source: Bull Theory
SpaceX $SPCX to IPO at $135 / share, with 555,555,555 shares available
Source: Trend Spider
The King of Tech... $EEM iShares Emerging Markets ETF isn't what it used to be.
Many still view it as a commodities and old-economy EM trade, but the ETF has quietly evolved into a tech beast driven by semiconductors and AI-related exposure. Source: TME, Bloomberg
That was quick... The S&P Tech sector's trailing 12-month P/E ratio has jumped from roughly 32 to 48 since the 3/30 low.
Source: TME
Moral of the story - do NOT chase hot IPO
Year-1 average drawdown = 55% Year-1 median drawdown = 54% Table: Truist Source: Puru Saxena
