Stocks Rally on US-Iran Deal Hopes; SpaceX Prepares Debut | Bloomberg Brief 6/12/2026

Watch on YouTube ↗  |  June 12, 2026 at 11:44  |  43:27  |  Bloomberg Markets
Speakers
JP Barnard — Senior Strategist, Bloomberg
Rebecca Walser — President, Walser Wealth Management
Laura Cooper — Global Investment Strategist, Nuveen
Justyna Lee — European Market Reporter, Bloomberg
Winnie Sewanee — Asia Correspondent, Bloomberg

Summary

US stocks and bonds extend their rally on hopes of a US-Iran peace deal and the blockbuster SpaceX IPO. Oil prices slide but Nuveen's Laura Cooper expects prices to stay elevated. On SpaceX, Bloomberg's JP Barnard sees a strong first-day pop while Walser Wealth Management's Rebecca Walser advises waiting six months. Walser also favors Micron on AI infrastructure demand and recommends gold and silver as hedges.

  • US and Iran edge closer to a deal to reopen the Strait of Hormuz and lift oil sanctions.
  • Oil futures drop more than 4% but Laura Cooper sees persistent price pressures through year-end.
  • SpaceX's $75 billion IPO expected to see a 30-50% first-day pop per JP Barnard.
  • Rebecca Walser recommends waiting six months for lock-up expiry before buying SpaceX.
  • AI infrastructure CapEx supports legacy memory stocks, with Micron highlighted.
  • Gold and silver are recommended as hedges against AI monetization and tokenization risks.
  • Treasury yields drop sharply as rate hike expectations fade.
  • Global banks curb leveraged hedge fund bets on Korean chipmakers SK Hynix and Samsung.
Ideas
JP Barnard Senior Strategist, Bloomberg 9:36
Pre-IPO grey market trading in Europe and on the crypto platform Hyper Liquid indicates a 30-50% first-day gain for SpaceX. Retail demand and bullish sentiment are driven by the storyline and Elon Musk's track record, outweighing valuation concerns, leading to a strong debut.
SPCX MED
Laura Cooper Global Investment Strategist, Nuveen 16:35
Oil prices to stay elevated.
The oil futures curve is already at $85-90 through the end of the year. Even if a deal reopens the Strait of Hormuz within 30 days, persistent supply chain pressures and a limited time frame mean crude oil prices are unlikely to come off materially, keeping them elevated.
BNO MED
Rebecca Walser President, Walser Wealth Management 31:19
Micron benefits from AI buildout.
AI data center build-out and hyperscaler capital expenditure will continue to rely on traditional legacy memory and storage. Micron and similar stocks are still required for infrastructure and compute, and they are likely undervalued given the early stages of the AI revolution.
MU HIGH
Rebecca Walser President, Walser Wealth Management 33:21
Hold gold and silver as hedge.
Investors must tether to hard assets to hedge the risks of AI monetization and tokenization. Gold and silver serve as a long-term inflation hedge and a volatility buffer in this transformative environment.
GLD SILVER HIGH
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This Bloomberg Markets video, published June 12, 2026, features JP Barnard, Laura Cooper, Rebecca Walser discussing SPCX, BNO, MU, GLD, SILVER. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: JP Barnard, Laura Cooper, Rebecca Walser  · Tickers: SPCX, BNO, MU, GLD, SILVER