US Stocks Rebound; Oracle Falls on Spending Concerns; SpaceX IPO Pricing | Bloomberg Brief 6/11/2026

Watch on YouTube ↗  |  June 11, 2026 at 11:19  |  43:28  |  Bloomberg Markets
Speakers
Matt Bloxham — Head of Research, The Block
Ven Ram — Markets Live Reporter/Strategist, Bloomberg
Winnie Hsu — Bloomberg Reporter (Asia Markets)
Chloe Meley — Bloomberg Reporter
Monti Saroya — Co-Head of Flagship Fund, Vista Equity Partners

Summary

US stocks rebounded from a five-week low as Iran strikes appeared contained, while Oracle dropped on data center spending concerns ahead of the SpaceX IPO pricing. The ECB is expected to hike rates for the first time since 2023. State Street's Marvin Loh discussed the Fed's hawkish bias and balance sheet fragility, and Vista's Monti Saroya outlined the firm's bet on agentic AI software and cheap compute infrastructure.

  • US equities bounce back after second round of US strikes on Iran concludes.
  • Oracle shares fall as rising data center costs overshadow strong AI-driven revenue.
  • SpaceX IPO four times oversubscribed, with trading to begin the next day.
  • ECB poised to deliver a 25bp rate hike, the first since 2023, amid lingering inflation.
  • Marvin Loh sees Fed leaning towards a rate hike and warns that reducing the balance sheet could trigger market stress.
  • Monti Saroya details Vista's strategy to provide cheap, high-speed inference to portfolio companies, giving them an edge in agentic AI.
  • Ven Ram argues the two-year Treasury yield is unsustainable and the broader market has become overextended.
  • Chinese and Hong Kong equities under pressure from weak earnings and lack of AI exposure.
Ideas
Matt Bloxham Head of Research, The Block 7:24
Oracle immune to AI token price war.
Oracle is an infrastructure provider for AI and should be relatively immune from the AI token price war that will hit companies like OpenAI and Anthropic. The revenue outlook remains strong despite higher data center spending, and the market's negative reaction is a mismatch between near-term spending and revenue upside.
ORCL MED
Ven Ram Markets Live Reporter/Strategist, Bloomberg 12:15
Two-year yield unsustainable, bonds will rally.
The two-year U.S. Treasury yield at 4.13% is unsustainable and will fall, implying bond prices should rally. This view is based on the broader market becoming overextended and the cycle turning.
US 2Y Treasury note MED
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This Bloomberg Markets video, published June 11, 2026, features Matt Bloxham, Ven Ram discussing ORCL, US 2Y Treasury note. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Matt Bloxham, Ven Ram  · Tickers: ORCL, US 2Y Treasury note