Risk appetite held firm on Wednesday. A US-China trade truce struck over the weekend continued to underpin sentiment. Investors weighed that against a fresh bond market warning — the US 30-year yield hit 5% at auction today for the first time since 2007. That's the biggest macro signal of the day. The $25bn auction came hours after producer prices posted their sharpest rise since Russia's invasion of Ukraine.
Sources told CNBC that a SpaceX IPO prospectus could arrive as soon as next week. The news lifted TSLA and sent DXYZ — a fund with SpaceX exposure — sharply higher. This is the most-talked-about potential IPO in years.
Cisco Systems took the sharpest analyst blow of the week. Its consensus target was slashed from $113.91 to $91.36 — a 20% cut. Starbucks was the flipside, picking up an upgrade to Buy with a $106.68 target. drew a downgrade to Hold from BWG Global. Its short interest already sits at 11% of free float.
Wolfspeed short interest hit 80.1% of free float this week — up 22.5 points in seven days. SoundHound AI holds a 39.4% short interest with zero shares available to borrow and a 25% cost to borrow. That squeeze setup remains live. Carvana saw bears pile in hard — SI jumped from 2% to 10.2% in one week.
European markets closed higher as AI stocks in the region attracted fresh interest. Investors hunted for European winners from the US-led tech rally. UK gilts stayed volatile amid political pressure on Prime Minister Starmer.
Home Depot reports Monday. Target and Lowe's follow Tuesday. Consumer spending resilience will be tested.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
