Stock Investors Buy the Dip Despite 2 Days of Iran Strikes as SpaceX IPO FOMO Builds
Updated
Updated · Bloomberg · Jun 11
Stock Investors Buy the Dip Despite 2 Days of Iran Strikes as SpaceX IPO FOMO Builds
2 articles · Updated · Bloomberg · Jun 11
Summary
Thursday trading showed investors stepping back into stocks even after a second day of Iran-war strikes and President Donald Trump’s threat of further escalation.
Evercore ISI’s Julian Emanuel said traders are discounting risks that would normally shake Wall Street because fear of missing out on future gains is intensifying.
SpaceX’s looming market debut is a key driver of that mood, with Emanuel warning that even more “wild-eyed” FOMO may still lie ahead.
The rebound followed equity weakness that began last Friday, when a stronger-than-expected U.S. jobs report revived concerns that interest rates could stay higher for longer.