The June 12, 2026 edition of "This Week in Review" by Fisher Investments provides a high-density macroeconomic analysis of three pivotal global market events: the landmark initial public offering (IPO) of SpaceX, the accelerating May U.S. consumer price index (CPI) inflation print, and the European Central Bank's (ECB) first policy rate hike in nearly three years. The briefing focuses on net equity supply dynamics, market sentiment indicators, and the underlying drivers of structural inflation versus temporary price shocks.

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Key Topic Breakdowns

1. Global Equity Supply, Market Sentiment, & The SpaceX IPO

• The SpaceX Public Debut: On Friday, June 12, 2026, SpaceX officially went public, marking the first of several anticipated mega IPOs scheduled for the year. [00:03:04] The listing instantly introduced over 500 million newly issued shares into the public market, fundamentally shifting the market's equity supply. []