The View from 5th Avenue – 16 June 2026

Things in motion tend to stay in motion especially in this market that hangs onto a narrative like a pitbull when it finds one. The current theme seems to be oil back to Earth and SpaceX to the moon (too easy). Confidence is building on both fronts, with hopes the long-promised end to the war with Iran is coming to fruition, and the valuation on the space tech company is apparently infinity. But not everything held true to course, the Nasdaq and its ilk taking a much-deserved breather after rea…

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