Lily Molargik

Just like that, we’re already halfway through the year. As the saying goes… time flies when there's a fresh geopolitical headline every morning. It was a mixed month for markets as economic data continued to send conflicting signals. The labor market added more jobs than expected, offering a bright spot. However, inflation ticked higher for a third straight month, reaching its highest level since April 2023. Consumer sentiment saw a slight rebound from its record low as gas prices moderated,...

SpaceX has been publicly listed for just over one week. The company went public on June 12th, and its shares surged in the first few days, briefly surpassing Microsoft to become the world’s fourth-largest company by market cap at almost $2.94 trillion. Shares have since cooled but remain about 37% above the $135 IPO price, largely due to retail investor interest. The excitement is clear, but mega-IPOs typically underperform. All 10 of the largest U.S. IPOs since 1999 posted negative returns...

Interest rates have been anything but stable lately. With Kevin Warsh stepping in for Jerome Powell as Federal Reserve Chair late last week, alongside inflation uncertainty and stronger-than-expected earnings growth, markets have been recalibrating expectations. To put these movements in context, the 10-year Treasury yield currently sits at 4.56%, while the 2-year yield is at 4.12%. Looking at the past couple of years in isolation, it appears yields have remained stubborn, hovering around the...