Source: Charles Schwab, data from 6/8 – 6/12

Weekly Market Minute

“The secret to getting ahead is getting started.”
— Mark Twain

🧭 This Week In the Markets

Image Source: Adam Jeffery | CNBC

SpaceX Launches Into Public Markets

SpaceX began trading Friday under the ticker SPCX, opening at $150 per share following the largest initial public offering in history. Elon Musk and SpaceX President and COO Gwynne Shotwell commemorated the debut by ringing the Nasdaq opening bell, with Musk participating remotely from Texas and Shotwell appearing in New York. Founded as a reusable rocket company, SpaceX has grown into a technology powerhouse, with its highly profitable Starlink satellite internet business serving as a major driver of growth. Earlier this year, the company expanded further through its acquisition of xAI, bringing together artificial intelligence capabilities, data center infrastructure, the Grok AI platform, and the social media network X. Investor demand was extraordinary, with SpaceX becoming the most heavily purchased stock by retail investors on a net basis Friday, underscoring one of the most significant and widely participated IPO debuts in recent market history.

Geopolitical Tensions Ease as Negotiations Continue

This week, tensions between the United States and Iran appeared to ease after President Trump announced he had canceled planned military strikes and indicated that a diplomatic agreement could be finalized soon, though Iran has not confirmed a deal. The development followed a second day of military exchanges, including the downing of a U.S. military helicopter and retaliatory strikes across the Middle East. Earlier in the week, Trump threatened to seize Kharg Island and take control of Iran’s oil and gas industry. Meanwhile, Iran claimed it had closed the Strait of Hormuz to all marine traffic, while U.S. Central Command maintained that the critical shipping route remains open.

Inflation Moves Higher While Core Prices Remain Stable

Inflation accelerated in May, with the Consumer Price Index (CPI) rising 4.2% from a year earlier, up from 3.8% in April and marking the highest reading in three years. Much of the increase was driven by a sharp rise in energy costs, particularly gasoline prices, which surged 40.5% compared to a year ago amid ongoing geopolitical tensions in the Middle East. Despite the increase in the headline figure, core inflation, which excludes food and energy, remained relatively contained at 2.9%. Shelter and food prices continued to contribute to overall inflation, but price pressures across most other areas of the economy were comparatively modest. The report suggests that recent inflationary pressures have been concentrated primarily in energy markets rather than broadly spread across consumer goods and services.

🏢 Corporate Earnings

• Oracle (ORCL) delivered a fiscal fourth-quarter earnings beat, reporting earnings per share of $2.03 on $19.18 billion in revenue compared with estimates of $1.96 per share and $19.10 billion and unveiled plans to raise $40 billion through a combination of debt and equity to fund AI-related ventures.

📊 Sector Performance

5-day closing price ($) and change (%)

Source: Select Sector SPDRs, data based on the Sector SPDR ETFs as of 6/12

Latest from EMW

Elizabeth Evans, CFP on Fox Making Money 6/10/2026
“Equity markets do not die because valuations are high. They die when earnings miss, the Fed gets aggressively restrictive, or liquidity dries up.” Bank of America’s Sell Side Indicator recently flashed, and other measures suggest investor exuberance is building. For some, that’s a signal to head for the exits, but I see it differently.

Meet the Team: Riley Resmer
Riley joins us as a rising junior at Harvard University studying economics. She’ll be working closely with Emily Palmer to build up the financial planning department this summer. Please join us in welcoming her to the team!

📰 Dollars & Sense: This Week’s Rapid Read

Investing With Kids
There are many ways to invest on behalf of and in partnership with your kids. Here are some key account types for education savings, stock trading, and retirement.

Source: Charles Schwab

Dive deeper on financial topics you should know:

Money Moves with Darin
Real-world wealth strategies and actionable insights to help you think smarter about money.

Lizzie’s Wealth Wisdoms
Strategies and tactics that you can employ today to help minimize taxes, protect your net worth, and simplify your life.

Sign up to our mailing list to get your weekly financial news straight to your inbox.

Keep up with the latest: Follow @EvansMayWealth on social media to get the latest market commentary while your scroll.

Sources: CNBC, CBS News, CNBC
Corporate Earnings: Oracle

Sanctuary Wealth makes no representation as to the accuracy or completeness of information contained herein. Any forward-looking statements are based on assumptions, may not materialize, and are subject to change without notice. The information is based upon data available to the public and is not an offer to sell or solicitation of offers to buy any securities mentioned herein. Any investment discussed may not be suitable for all investors. Investors must make their own decisions based on their specific investment objectives and financial circumstances. Investments are subject to risk, including but not limited to market and interest rate fluctuations. Any performance data represents past performance which is no guarantee of future results. Prices/yields/figures mentioned herein are as of the date noted unless indicated otherwise. All figures subject to market fluctuation and change. Additional information available upon request.