Welcome to Markets Desk, here's what's moving the needle this Monday.
Morgan Stanley is pushing back against the bears, identifying a cohort of stocks it says are already outpacing the S&P five hundred and have the structural earnings momentum to sustain this bull market through what the bank calls peak liquidity and peak revision breadth headwinds. The message: selectivity wins here.
Shifting from equities to geopolitics, which is very much a markets story right now — the United States and Iran are due to sign an interim deal Friday in Switzerland that would reopen the Strait of Hormuz, a critical artery for global oil flows. But the two sides remain publicly at odds over whether Tehran surrenders its uranium, and previous signing deadlines have already collapsed, so traders are pricing this with considerable skepticism.
And SpaceX made its public market debut Friday, closing with a market capitalization of two point one trillion dollars after surging nineteen percent on its first session. That puts it in rarefied air alongside the largest companies on earth, though analysts are already raising questions about whether that valuation leaves any room for the kind of returns investors actually need.
That's the tape. Markets Desk, signing off the floor.
