SpaceX Second Day of Trading, US at Odds With Allies | Bloomberg Businessweek Daily 6/15/2026

Watch on YouTube ↗  |  June 15, 2026 at 23:16  |  48:56  |  Bloomberg Markets
Speakers
Jason Draho — UBS Chief Investment Office Head of Asset Allocation
David Bauer — Head of Equity Capital Markets Americas, JPMorgan
Rebecca Holmquist — Lecturer, London Business School; former White House economic adviser

Summary

Markets surged on news of a US-Iran agreement to reopen the Strait of Hormuz, sending oil prices lower and boosting risk assets. SpaceX shares continued to soar on their second day of trading after a record IPO. UBS expects the deal to reduce inflation risk and lead to Fed cuts in 2027, while JPMorgan’s ECM head sees the IPO market strong and recommends buying SpaceX. Economist Rebecca Holmquist urged caution on stagflation, noting some improvement but remaining uncertainty.

  • US and Iran agree to reopen Hormuz, oil prices fall sharply, stocks rally
  • SpaceX stock up 16% second day after 19% IPO pop, becoming sixth most valuable US company
  • UBS sees oil tail risk truncated, easing inflation; forecasts two Fed rate cuts in 2027
  • JPMorgan ECM head calls SpaceX a generational opportunity and says IPO market is robust
  • Fox shares tumble on Roku acquisition; American Express rises on TripAdvisor Fork deal
  • Labor market solid but hiring cautious; stagflation risk reduced but not eliminated
  • This week’s Fed meeting expected to hold rates steady
Ideas
Jason Draho UBS Chief Investment Office Head of Asset Allocation 13:20
Fed to cut rates in 2027.
We expect the Fed to cut rates twice in 2027, in March and June, which will boost bond prices.
TLT HIGH
Jason Draho UBS Chief Investment Office Head of Asset Allocation 14:20
Reduced oil risk lifts equities.
The US-Iran deal truncates the upside tail risk of oil, easing inflation pressure and shifting Fed expectations toward rate cuts, which supports equity markets.
SPY HIGH
David Bauer Head of Equity Capital Markets Americas, JPMorgan 23:40
Buy SpaceX, huge long-term opportunity.
SpaceX is a generationally transformational company, and despite the 19% IPO pop, the stock remains a buy with further upside as the space economy grows.
SPCX HIGH
Up Next
52:24
SpaceX Just Shocked Everyone... [Stream Recap]
Thread Guy · Jun 15
44:21
Mad Money 06/15/26 | Audio Only
CNBC · Jun 15
30:12
Next Scenario Towards KOSPI 10,000…Include Jobangwon and Secondary Batteries Too | Lee Gwon-hee, CEO of Wizwave [Global Interview]
3PRO TV (삼프로TV) · Jun 15
8:53
CFTC Chair Michael Selig tackles perpetual futures ‘misconceptions’
CNBC · Jun 15
5:47
We will be living and working on the moon in the next five years, says Voyager Technologies CEO
CNBC · Jun 15

This Bloomberg Markets video, published June 15, 2026, features Jason Draho, David Bauer discussing TLT, SPY, SPCX. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jason Draho, David Bauer  · Tickers: TLT, SPY, SPCX