Welcome to Markets Desk, where we break down what's moving money and markets right now.
Palantir is trading at seventy-four times sales, and that number is doing a lot of work on Wall Street today. History shows software stocks that cross that valuation threshold after a blowout quarter tend to face significant mean reversion. Demand for Palantir's AI platform remains genuinely strong across both commercial and government channels, but at this multiple, execution has to be flawless and then some.
Shifting to the broader tape, the VIX just hit its lowest reading of two thousand twenty-six, and strategists are raising a yellow flag rather than a green one. A falling fear gauge sounds reassuring until you remember that complacency itself becomes a risk. With seasonal volatility historically picking up from here, traders are being warned not to mistake calm for safety.
And on the legal front, Meta is heading into a landmark child safety trial in California this week facing potential financial damages that could theoretically reach one point four trillion dollars. States are seeking both monetary penalties and structural changes to how Facebook and Instagram operate. This is the most consequential of the thousands of lawsuits the company currently faces, and markets will be watching closely.
That's the tape. Markets Desk, signing off the floor.
