Welcome to Markets Desk, here's what's moving your money right now.
Treasury yields are pressing hard against the four point eight percent level on the ten-year, and Miller Tabak is sounding the alarm. A sustained break above that threshold could create meaningful problems across asset classes, with equity valuations and credit spreads both vulnerable to a repricing if fiscal risks continue building pressure.
Staying in the energy space, the nuclear trade is back in focus as Constellation Energy and Vistra go head to head for investor attention. Constellation carries the larger reactor fleet, but Vistra has been quietly locking in long-term power purchase agreements with major technology companies, giving it a credible demand story that keeps the comparison genuinely competitive.
And over at ARK Innovation, Cathie Wood's two biggest positions are both Elon Musk companies. Tesla and SpaceX together now represent roughly sixteen percent of the fund's total assets, according to ARK's own daily holdings disclosure. That concentration is a meaningful bet on one founder's ecosystem holding together through a volatile market.
That's the tape. Markets Desk, signing off the floor.
