Good morning, you're listening to Markets Desk.
Stellantis is making a serious bid for relevance again. CEO Antonio Filosa unveiled a five-year strategic plan worth sixty billion euros, roughly seventy billion dollars, targeting positive free cash flow by twenty twenty-eight. It's a significant commitment from a company that has spent the better part of two years navigating inventory headaches and leadership turnover.
Shifting to Washington, quantum computing stocks surged Thursday after the Wall Street Journal reported the Trump administration is taking minority stakes in nine quantum computing companies. Names across the sector caught a sharp bid on the news, reflecting how directly federal investment signals can move an early-stage industry that's still largely pre-revenue but increasingly seen as a national security priority.
And on the bond side, BCA Research is making a pointed argument: yields won't come down meaningfully until equities sell off first. Their case is straightforward — as long as risk appetite stays elevated and money flows into stocks, there's no pressure relief valve forcing capital into Treasuries. For fixed income investors hoping for a rate rally, the message is uncomfortable. The equity market may need to flinch before bonds can breathe.
That's the tape. Markets Desk, signing off the floor.
