Good evening, this is Markets Desk with your closing brief.
The S&P five hundred is flirting with all-time highs again, and history offers a clear message for investors tempted to sit on the sidelines. Data consistently shows that buying near record levels has rewarded patient, long-horizon investors more often than not. Timing the top is a losing game.
Shifting to a name drawing serious institutional attention, Nebius Group has surged nearly two hundred percent this year, and billionaire hedge fund manager Stephen Mandel's Lone Pine Capital stepped in during the second quarter to build a position. When a manager of Mandel's caliber adds exposure to an artificial intelligence play at that valuation, the market takes notice.
And away from equities, Germany is committing roughly fourteen billion dollars to a deep-strike missile arsenal designed to counter Russian aggression. Internal defense ministry documents reveal Berlin wants low-cost long-range missiles operational by two thousand twenty seven, with collaboration on Tomahawks and hypersonic systems also in the pipeline. It is the most significant German rearmament signal in a generation, and the defense sector across Europe is watching closely.
That's the tape. Markets Desk, signing off the floor.
