Good morning, you're tuned in to Markets Desk.
Securitize surged Thursday after federal regulators greenlit the issuance of tokenized stocks on select U.S. trading platforms. The move marks a meaningful regulatory shift, opening the door for blockchain-based securities to operate within established market structure — and investors wasted no time pricing in the opportunity.
Shifting to the broader tape, Wall Street's warning signals are getting harder to ignore. Growth stocks are displaying a kind of frothy strength that historically precedes corrections, and strategists are pointing to stretched valuations as the underlying concern. Defensive positioning through broad index ETFs is gaining traction among advisors watching the setup closely.
Meanwhile in the technology space, Google is pushing back hard against the narrative that AI would erode its search dominance. Evercore ISI analysts say the data tells the opposite story — search engagement is holding firm and AI integration is actually generating new revenue streams, reinforcing Alphabet's position rather than threatening it.
That's the tape. Markets Desk, signing off the floor.
