Public Markets 3 Days

Last updated: June 13, 2026, 8:31 AM ET

Energy & Commodities

Oil futures retreated 3.2% as President Trump signaled a potential Iran peace deal, while prices had surged 4.1% earlier in the week following U.S.-Iran exchanges. The Strait of Hormuz remains partially closed, forcing Gulf producers like Kuwait to ship cooking gas through controlled tankers as global reserves dwindle. Fertilizer shortages loom as Iran’s disruption threatens food security, with Fertiglobe warning of rising grain prices that could take months to stabilize. Meanwhile, natural gas futures posted a weekly loss as cooling weather reduced power-sector demand, and French wheat yields look slightly better despite adverse conditions.

Fixed Income & Inflation

Headline U.S. inflation climbed to 4.2%, the highest since April 2023, driven by airfares up 27% and broader consumer pressures. Traders turned most optimistic on the dollar in over a year as Middle East tensions supported the safe-haven currency. Japanese government bonds extended gains tracking Treasury rallies, with markets pricing in a September Fed rate cut. Argentina's dollar bonds jumped on an S&P upgrade, while Indonesian bonds resumed their decline after a surprise rate hike failed to stem economic concerns. Zambia’s local debt rally accelerated following a successful bond buyback, outperforming regional peers.

Equities & IPOs

SpaceX’s record-breaking IPO valued the company at $75 billion, with JPMorgan hosting the deal and Wall Street ricocheting between macro and mania. Index funds may soon include SpaceX shares, prompting calculations for 401(k) exposure. Despite the frenzy, sustainability-focused funds increasingly blacklist SpaceX over Elon Musk’s control. AI stocks face volatility as Big Tech shifts from growth to capital-intensive models, while predictive markets like Polymarket grapple with fine print disputes. ETFs face rising platform fees as Schwab considers new charges, raising concerns of a "mutual fund dark age."

Labor & Economy

Wages are falling while wealth surges as Elon Musk becomes the world’s first trillionaire, exacerbating worker fears over AI-driven job losses. Americans are holding onto cars longer, with Ryan Felton driving his 2005 Pontiac Vibe indefinitely as repair costs outpace replacement values. Consumer credit card loans remain manageable, though lending growth may be too slow to spur demand. Uber weighs selling Delivery Hero assets to complete its takeover, while Roku enters sale talks amid streaming market pressures. ITV considers Disney+ acquisition as broadcast license battles intensify, and Telefónica reviews Movistar Cycling sponsorship as part of broader marketing cuts.

Geopolitics & Policy

The U.S.-Iran peace deal remains fluid with both sides seeking framing advantages, as U.S. strikes continue and oil flows through Hormuz remain limited. Venezuela collaborates with U.S. forces to eliminate drug cartels like Tren de Aragua, while NATO questions U.S. troop pullbacks as America reallocates fighter jets. Trump’s 80th birthday UFC event and Judge blocks park sign removals dominate domestic headlines, alongside Social Security trust fund debates. Swiss voters ponder population caps in a referendum threatening current century policies, and Afghans protest Taliban rules with UN concerns over women’s arrests.

Sectors & Companies

Renault joins VW and Stellantis in defending European manufacturing against Chinese EV competition, while Geely consolidates around HK-listed arm to improve governance. Merz sits out SpaceX IPO betting on Musk’s Tesla merger potential, and Blackstone discusses Canada Property acquisition as part of global REIT expansion. AI riches boost Samsung factory towns with luxury property booms, while Apollo chooses Austin over Florida for its second headquarters. David Hockney’s artistic legacy contrasts with AI’s transformative stock market role, as quantum computing nears commercialization in pharma and finance. McDonald’s Coca-Cola partnership faces challenges amid shifting consumer tastes, and Roku’s media tie-up talks highlight streaming consolidation.