Good evening, you're tuned in to Markets Desk.
SolarEdge is the story in clean energy today, with shares collapsing roughly a quarter of their value after the company issued a revenue forecast that badly missed expectations. The culprit is Europe, where demand for solar inverters has softened considerably, and no amount of AI-adjacent optimism was enough to offset the damage to the top line.
Shifting to private markets, SpaceX is seeing retail investors wade in aggressively after shares pulled back following the company's first-ever earnings release. The dynamic is familiar — individual buyers treating a dip as an entry point — even as insiders and early holders prepare to release additional shares into the market, which could weigh on the price near-term.
And on the macro front, Treasury Secretary Scott Bessent is arguing the K-shaped economy — where higher earners prosper while lower earners fall further behind — is finally over, replaced by what he calls a C-shaped recovery. The data tells a more complicated story, and economists are pushing back, noting that wage divergence and wealth gaps remain stubbornly wide across income brackets.
That's the tape. Markets Desk, signing off the floor.
