On Thursday, June 18, David Bahnsen recapped a strong market day led by the Nasdaq (up nearly 500 points, just under 2%), with the S&P 500 up just over 1% and the Dow up 72 points. Technology, consumer discretionary, and communication services led, while energy, financials, healthcare, and consumer staples lagged. He highlighted SpaceX’s roughly $2.5 trillion market cap (down from nearly $3 trillion days earlier after a 17–18% drop) and contrasted it with Amazon and Microsoft profitability versus SpaceX’s $19 billion in sales and a $9 billion loss. Economic data showed initial jobless claims at 226,000 (four-week average 223,000). Bond yields reflected further curve flattening: the 10-year fell to 4.45% while shorter maturities rose.

00:00 Welcome and Setup

00:23 Market Rally Snapshot

00:44 Sector Winners and Losers

01:07 SpaceX Valuation Reality Check

02:33 Jobless Claims Update

02:54 Yield Curve Flattening

03:28 Wrap Up and Tomorrow Preview

Links mentioned in this episode:

TheBahnsenGroup.com