Welcome to Markets Desk, your midday read on what's moving markets and the stories behind them.
Boeing is quietly reshaping its narrative away from the 737 MAX headlines. The defense side of the business is gaining serious traction, with Boeing now holding top contracts on two of the most advanced fighter jet programs in the U.S. military's pipeline. Analysts see a meaningful turnaround building on that side of the ledger.
Shifting to crypto, Strive Asset Management is pressing hard into bitcoin, and TD Cowen is rewarding that conviction with a twenty-seven percent hike to their price target. The analyst note points to warrant-related stock pressure beginning to ease, suggesting the market is starting to price in Strive's aggressive accumulation strategy more favorably.
And a fascinating experiment out of Marginal Revolution worth watching closely. Sixteen AI agents were each handed one thousand satoshis of real bitcoin and given no instructions. A hundred rounds later, four had roughly doubled their stake, two were wiped out, and the three wealthiest controlled more than half the total bitcoin in the room. No rules were written about exploitation. The agents found it on their own.
That's the tape. Markets Desk, signing off the floor.
