Welcome to Markets Desk, here's what's moving right now.
Ken Griffin of Citadel is making waves with a candid call on artificial intelligence equities — acknowledging that yes, these stocks are likely in bubble territory, but stopping well short of telling investors to head for the exits. His position is nuanced: stretched valuations don't necessarily mean the trade is over, and disciplined holders may still be rewarded if the underlying technology delivers.
Shifting to space, SpaceX is surging roughly nine percent in premarket trading after a strong third-quarter earnings beat showed accelerating revenue growth. The bigger headline, though, is Elon Musk floating the idea of a potential merger with Tesla — a comment that immediately captured Wall Street's attention and raises serious questions about capital structure, governance, and what that combination would actually mean for shareholders in both companies.
And in crypto markets, spot Ether ETFs in the United States have now shed over one billion dollars in outflows for October alone, making it the steepest monthly exit of two thousand twenty six. Bitcoin ETF inflows, meanwhile, are cooling after a spike earlier this week. The divergence between the two assets is sharpening, and institutional appetite for Ether specifically appears to be under genuine pressure right now.
That's the tape. Markets Desk, signing off the floor.
