June 10, 2026: Humanoid robots are approaching an inflection point, and their path from prototypes to real-world deployment is accelerating. How the supply chain matures will shape the pace and economics of humanoid deployment over the next decade. What makes the supply chain picture distinctive is the mismatch between where value concentrates and where the supplier ecosystem is ready for high-volume production,…

Apollo: With the three largest passive S&P 500 funds now holding more than $2.6 trillion combined, and Vanguard's VOO alone crossing $1 trillion this month, prices are increasingly set by mechanical flows rather than by anyone judging what companies are actually worth. See chart.

Coatue: Is the baton passing? AI Labs are projected to generate the most net new ARR in Q2.

Fidelity: The advance/decline line takes the cumulative total of the number of stocks advancing less the number of stocks declining over some period of time. If stocks or an index are rising but the A/D line is falling, fewer stocks are contributing to the rally. That could signal a potential reversal of the uptrend. While stocks pushed to new record highs earlier this month, the S&P 500's advance/decline line…

China’s industrial profits rose to 24.7% YoY in April from 15.8% in March. That substantial gain masks highly uneven profitability: while upstream sectors, especially oil and gas, have benefitted from the oil price shock, total profit growth outside of the commodity complex slowed. Moreover, profits are declining in YoY terms for firms outside of the commodities and electronics industries. And after removing price…

Nomura IWM: Short-dated sovereign yields have repriced materially higher across the G3 (US, Eurozone, UK) this week, reflecting a convergence of resilient labour markets (at least in the US) and sticky inflation that is forcing central banks back into tightening territory. In the US, the 2-year Treasury yield has climbed to near 4.16% - its highest since February 2025 – after May’s nonfarm payrolls print of 172,000…

HaverAnalytics: Global financial markets have been unsettled in recent days. Last week’s stronger-than-expected US employment report wrong-footed investors positioned for a more accommodative Federal Reserve, triggering a sharp reassessment of rate expectations and a notable sell-off in technology stocks — a sector that had been among the primary beneficiaries of the prevailing low-rate narrative. Persistent…

RON BOUSSO, ROI Energy Columnist: OPEC's share of ​global oil production has plummeted since the start of the Iran war and the closure of the Strait of Hormuz. The producer group will likely find it hard to build back its strength.

US Treasury securities at 2-year constant maturity and CIO forecast After reaching new all-time highs, the S&P 500 saw a sharp pullback as stronger-than-expected US jobs data reignited concerns about potential Fed rate hikes. Technology stocks led the decline, with renewed doubts about AI valuations following news that Meta may seek significant new funding for its AI initiatives and disappointing AI revenue…

• The energy crisis is increasing the need for green transition investment. On 3 June, the European Commission announced additional fiscal flexibility for energy security investments.
• This conviction is not without historical precedent: for instance, the 1973 oil crisis led France to expand its nuclear energy program.
• Overall, a well-planned green transition may help build economic resilience and improve energy…

GS: Artificial intelligence has continued to develop rapidly, and like prior technological revolutions, we believe it has the potential to both displace and create jobs. For instance, ecommerce disrupted brick and mortar retail but also fueled growth in transportation and warehousing sectors as demand for cheaper goods and quicker delivery increased alongside internet adoption. Similarly, we expect AI to not only…

The latest bout of bond volatility has pressured fixed income returns year to date, but higher yields pave the way for healthier medium-term returns...more

This week's chart highlights that S&P 500 companies are ramping up capex for AI, pushing buyback and dividend yields to multi-year lows...more

Elon Musk's company soars to the top of the initial public offering leaderboard

Trump's Iran Deal Has Been Imminent for 11 Weeks

The headline annual inflation rate hit 4.2%, the highest since April 2023