Stocks rallied globally this week as a surprise U.S.–Iran peace deal and a record‑breaking SpaceX IPO flipped sentiment from “inflation fatigue” to “risk‑on.” While headline inflation is still too hot for quick rate cuts, markets cheered de‑escalation in the Middle East, falling oil prices, and a broadening of gains beyond mega‑cap tech.

📰 What’s happening

1. SpaceX pulled off the largest IPO in history and jumped on day one.
SpaceX raised roughly 75 billion USD in its Nasdaq IPO at 135 USD a share, then surged about 19% to close near 160.95 USD, giving it a market value above 2 trillion USD. The deal soaked up institutional liquidity but still left enough enthusiasm to lift broader tech and AI sentiment into the weekend. 2. A U.S.–Iran peace deal knocked oil lower and pushed equities higher.
Washington and Tehran agreed to a peace deal that will reopen the Strait of Hormuz and...