Good evening and welcome to Markets Desk.
Bitcoin is pushing toward the seventy thousand dollar mark for the first time since early June, after President Trump hosted crypto executives at the White House and urged Congress to pass the stalled CLARITY Act. The move signals a meaningful shift in regulatory tone, and the market responded immediately, with crypto assets broadly catching a bid.
Turning to equities, the S&P five hundred has now gained more than thirty three percent since Trump's reelection, a remarkable run that has investors asking how much runway remains heading into the midterms. Historically, strong post-election rallies can face headwinds as political uncertainty re-enters the picture, so the composition of that gain matters as much as the magnitude.
Meanwhile, a significant overhang is building in private markets. SpaceX investors are facing roughly forty seven billion dollars in potential selling pressure hitting the tape today, as lockup and secondary market dynamics create a crowded exit. That kind of supply concentration rarely resolves cleanly, and anyone holding a position in the name through tender markets should weigh that risk carefully before the window narrows.
That's the tape. Markets Desk, signing off the floor.
