The Marked Chart Wire · Markets
SpaceX
SpaceX five-year CDS spreads hit record high
The cost of insuring against SpaceX default rose 24.5 basis points to 286.56, setting a new peak for the five-year instrument.
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More Markets news
SpaceX
Space exploration stocks fall as Musk political ties draw scrutiny
Shares of SPCX, ASTS, and RKLB declined amid renewed examination of the Tesla-SpaceX merger due to Elon Musk's political connections. Morgan Stanley valued SpaceX below the S&P 500 based on 2028 earnings projections.
HotAI Trade
Cramer says AI trade intact despite Nasdaq correction
Jim Cramer maintains the AI investment thesis is sound even as the Nasdaq enters a correction. His club reduced positions in several tech stocks while retaining Micron and Qnity.
Market Volatility
Goldman Sachs notes intense selling pressure and quiet buyers
Goldman Sachs reports that institutional buyers are sidelined while hedge funds unload positions. ETF trading volumes for SPY, QQQ, and SMH are running well above 20-day averages.
AI Stocks
Strategist warns AI selloff could force unwinding of leveraged bets
Wellington-Altus chief market strategist James E. Thorne said rising losses in AI names might trigger forced selling. Social media chatter claims margin calls are amplifying the drop, but no confirmed fund liquidations have emerged.
Hedge Funds
Hedge fund Walle to return part of capital to clients
Hedge fund Walle is reportedly returning a portion of its capital to investors, according to a client letter.
Volatility
Volatility index jumps 43 percent to 23.79
The S&P 500 VIX surged 43.57 percent to 23.79 in early trading, indicating a sharp rise in expected market turbulence.
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