Episode 1352: Thursday - June 18, 2026
Markets Rally as Nasdaq Jumps; SpaceX Valuation Contrast and Yield Curve Flattens
Markets Rally as Nasdaq Jumps; SpaceX Valuation Contrast and Yield Curve Flattens
On Thursday, June 18, David Bahnsen recapped a strong market day led by the Nasdaq (up nearly 500 points, just under 2%), with the S&P 500 up just over 1% and the Dow up 72 points. Technology, consumer discretionary, and communication services led, while energy, financials, healthcare, and consumer staples lagged. He highlighted SpaceX’s roughly $2.5 trillion market cap (down from nearly $3 trillion days earlier after a 17–18% drop) and contrasted it with Amazon and Microsoft profitability versus SpaceX’s $19 billion in sales and a $9 billion loss. Economic data showed initial jobless claims at 226,000 (four-week average 223,000). Bond yields reflected further curve flattening: the 10-year fell to 4.45% while shorter maturities rose.
00:00 Welcome and Setup
00:23 Market Rally Snapshot
00:44 Sector Winners and Losers
01:07 SpaceX Valuation Reality Check
02:33 Jobless Claims Update
02:54 Yield Curve Flattening
03:28 Wrap Up and Tomorrow Preview
Links mentioned in this episode: DividendCafe.com
David is the Founder, Managing Partner, and the Chief Investment Officer of The Bahnsen Group.
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