Good morning, you're tuned in to Markets Desk, and here's what's moving right now.
SanDisk is taking a hit this morning, sliding nine percent in premarket after the NAND flash chipmaker delivered guidance that fell short of what Wall Street was expecting. Analysts are weighing in, and the tone is cautious — weak demand signals in the flash memory space are raising broader questions about the pace of the data storage recovery.
Shifting to fixed income, TS Lombard is making a notable call, recommending investors buy ten-year UK gilts over US Treasuries and other international sovereign bonds. The firm argues markets are misreading the British economy, and that the mispricing creates a rare entry point — essentially a contrarian bet that the pessimism baked into UK debt is overdone.
And in what may be the biggest single-day liquidity event in recent memory, SpaceX is facing up to ninety-nine billion dollars in potential selling pressure as early investors and employees gain the ability to exit positions following the company's record-breaking IPO — the largest Wall Street has ever seen. How the market absorbs that supply over the coming sessions will be closely watched.
That's the tape. Markets Desk, signing off the floor.
