Andy Chen

TradingKey - With the US and Iran announcing a memorandum of understanding, the two major crude oil futures fell further, nearing levels seen before the US-Iran conflict. Market focus has shifted to vessel transit through the Strait of Hormuz following the signing of the agreement. A US-led naval coalition issued an advisory to shipping companies stating that the threat level for vessels transiting the Strait of Hormuz has been downgraded, though shippers should still remain vigilant against the risk of attacks. As of press time, both crude oil benchmarks were under pressure, with WTI crude futures down about 4% at $72.99 and Brent crude futures down 3.54% at $76.73.

TradingKey - In early U.S. trading, SpaceX (SPCX) extended its losses from the previous session, dropping more than 7% intraday. As of press time, it was down 6.46% at $179.43, bringing its two-day decline to over 10%. With its latest market capitalization reaching 2.36 trillion yuan, it is the sixth-largest company in the U.S., trailing only Amazon. According to market sources, SpaceX and Tesla (TSLA) may merge to create a tech behemoth spanning rockets, artificial intelligence, satellites, electric vehicles, robotics, energy, and social media.

TradingKey - On June 17, Eastern Time, the Federal Reserve's dot plot sent a clear hawkish signal. Reignited rate hike expectations put the market under pressure, causing all three major indices to close lower. By the close, the Dow Jones Industrial Average fell 0.98% to 51,492.55 points; the Nasdaq Composite Index fell 1.34% to 26,021.66 points; and the S&P 500 Index fell 1.21% to 74,201.10 points.

TradingKey - The monetary policy meeting chaired by newly appointed Fed Chair Kevin Warsh has concluded, with the Federal Open Market Committee (FOMC) keeping the interest rate range unchanged at 3.5%-3.75%, as widely expected. The key focus of this meeting was not the interest rate decision itself, but rather Warsh's first round of systemic adjustments to the Fed's policy framework and communication style. The first FOMC policy statement underwent a radical overhaul, totaling only about 130 words—slashed by more than half from the previous conventional length of over 300 words—marking the first clear signal of a shift in the Fed's communication mechanism under Warsh's leadership.

TradingKey - On June 17, Eastern Time, the Federal Reserve's latest interest rate decision statement indicated that it chose to hold rates steady at this policy meeting, maintaining the federal funds rate in the 3.50%–3.75% range, while keeping the monetary policy framework of ample reserves in the banking system unchanged. The interest rate dot plot released alongside this Fed rate decision sent a clear hawkish signal. The median rate in the dot plot was recorded at 3.8%, a significant upward revision from the March projection of 3.4%.

TradingKey - The two major crude oil benchmarks spiked in short-term trading after US President Trump stated that military strikes against Iran could resume. According to media reports, Trump said on Wednesday that the current memorandum of understanding reached with Iran is not a final agreement, and the US may resume military strikes against Iran if he is dissatisfied with the progress of the agreement.

TradingKey - On June 16, during early US trading, SpaceX (SPCX) reversed its earlier gains. As of press time, it was down 3.85% at $194.03, bringing its latest market capitalization to $2.57 trillion, temporarily ranking as the sixth-largest company in the US. During yesterday's session, SpaceX's ma

TradingKey - On June 16, Eastern Time, the US stock market was dominated by a strong wait-and-see sentiment as the newly appointed Federal Reserve Chairman Warsh prepared to host his first interest rate meeting, and Japan's rate hike dampened the carry trade. The three major US stock indexes closed mixed, with only the Dow finishing higher. Tech stocks led the losses, while consumer and financial stocks bucked the trend to strengthen. At the close, the Dow Jones Industrial Average rose 0.64% to 51,999.67 points; the Nasdaq Composite fell 1.15% to 26,376.34 points; and the S&P 500 index slid 0.57% to 7,511.35 points.

TradingKey — Apple (AAPL) is preparing for its largest-ever product launch cycle, with three core products—camera-equipped AI AirPods, a second-generation foldable phone, and a 20th-anniversary iPhone—scheduled for a concentrated release by the end of 2027. Currently in advanced R&D stages, these products will serve as the core growth engines for Apple’s new CEO John Ternus during his first full term.

TradingKey - On June 15, the three major US stock indexes diverged once again. The Nasdaq Composite and the S&P 500 turned from gains to losses, while the Dow Jones Industrial Average rose for a fourth consecutive day to hit another historic high. Technology stocks led the declines, while consumer and financial shares bucked the trend to gain strength. As of press time, the Dow Jones Industrial Average was up 0.98% at 52,176.71 points; the Nasdaq Composite was down 0.42% at 26,572.11 points; and the S&P 500 was down 0.12% at 7,545.24 points.

TradingKey - On June 16, following consecutive signals of geopolitical de-escalation from US President Donald Trump, the two major crude oil benchmarks extended their recent losses, nearing the price levels seen prior to the US-Iran conflict. Regarding statements from both sides, Trump stated that the Strait of Hormuz will fully reopen this Friday. He noted that US-Iran relations have "normalized," the US will further drive down oil prices, and threatened to increase sanctions on Russia, citing improved oil supply. He emphasized that the US and Iran have successfully signed a memorandum of understanding (MoU) online, and negotiations for the US-Iran agreement have now entered the second phase, adding that "this should be easier than the first phase."

Tradingkey - On June 15 (ET), the U.S. and Iran are set to sign a peace agreement on Friday. This, along with falling oil prices, bolstered the investment environment. The Dow Jones Industrial Average and the Philadelphia Semiconductor Index continued to hit all-time highs, as the three major U.S. i

Tradingkey - On June 15, during the US intraday session, SpaceX (SPCX) surged to $188.8, hitting a new all-time high since its listing. As of press time, the stock was up over 15.09% at $185.24, with its latest market capitalization reaching $2.42 trillion. This ranks it sixth among US stocks by market value, trailing only Amazon at $2.65 trillion. On the news front, SpaceX underwriters exercised the over-allotment option, bringing the total fundraising scale to $85.7 billion and continuing to set new historical records for global IPOs.

Tradingkey - Recently, U.S. Commerce Secretary Lutnick sent a letter to Anthropic CEO Dario Amodei, placing the company’s two most advanced AI models, Fable 5 and Mythos 5, under export controls. According to the latest reports, Anthropic executives will visit the U.S. Department of Commerce this Monday for special consultations with Trump administration officials. The company’s core technical team has already arrived in Washington to address specific security issues. The direct catalyst for the ban was the official discovery of a “jailbreak” vulnerability in the newly released Fable 5 that could bypass safety mechanisms. As an iterative version of the Mythos series, Anthropic had previously restricted Fable 5 from performing cybersecurity-related tasks on its own initiative.

Tradingkey - On June 15, both major crude oil futures benchmarks came under pressure following a preliminary ceasefire agreement between the U.S. and Iran, which raised expectations for the reopening of the Strait of Hormuz. As of publication, Brent crude futures fell 5.29% to $82.71, while WTI crude futures dropped 5.43% to $78.82, hitting their lowest levels since March. Notably, free passage through the Strait of Hormuz is not permanent. According to Fars News Agency, citing sources familiar with the matter, the interim agreement provides for only a 60-day free passage period. After the period expires, Iran will levy fees on passing merchant vessels covering security, navigation services, environmental protection, and insurance.

Tradingkey - On June 15, during the early US trading session, the three major indices rallied across the board. The Nasdaq Composite led the gains, while the Philadelphia Semiconductor Index, considered a bellwether for tech stocks, surged over 4% at one point, approaching a new all-time high. As of press time, the Nasdaq Composite rose 1.07% to 51,750.53; the S&P 500 rose 1.49% to 7,542.2; and the Dow Jones Industrial Average gained 2.34% to 26,494.17.

Tradingkey - The opening match of the 2026 FIFA World Cup will officially kick off on June 11, with the tournament running until July 19 across 16 cities in the United States, Canada, and Mexico. Investment banks Deutsche Bank and Goldman Sachs noted that the World Cup will serve as a major catalyst for various consumer, media, and betting stocks, particularly generating clear incremental earnings growth in sectors such as tourism, catering, and sports betting.

TradingKey - On June 12 (ET), investor sentiment was ignited by SpaceX's successful listing and the prospect of a peace agreement between the U.S. and Iran, driving the three major U.S. indices to rise for a second consecutive session. At the close, the Dow Jones Industrial Average rose 0.70% to 51,202.26; the S&P 500 gained 0.50% to 7,431.46; and the Nasdaq Composite added 0.31% to 25,888.84.

TradingKey - Upon the successful listing of SpaceX (SPCX), space concept stocks fell across the board, with competitor Rocket Lab (RKLB) tumbling as much as 13% at one point. Within the sector, Virgin Galactic (SPCE) plunged over 37%, Firefly Aerospace (FLY) dropped more than 20%, AST SpaceMobile (ASTS) fell over 16%, and Redwire (RDW) declined by more than 13%.

TradingKey - SpaceX (SPCX) listed on the Nasdaq Stock Exchange today, opening at $150, approximately 11% above its IPO price. As of press time, SpaceX shares broke through $172, up 27.47%. The space company’s latest market capitalization climbed to $2.27 trillion, surpassing TSMC ($2.2 trillion). It currently ranks seventh on the global market cap leaderboard, trailing just behind Amazon ($2.55 trillion).