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Surveillance footage shows the exact movements of Tyler Robinson hours before he allegedly shot Charlie Kirk, a former investigator testified on Tuesday.

Harry returned to the UK to promote the 2027 Invictus Games, which is scheduled to occur in Birmingham.

Harry returned to the UK to promote the 2027 Invictus Games, which is scheduled to occur in Birmingham.

See all the A-listers in the front row in the City of Light.

See all the A-listers in the front row in the City of Light.

Days after attending Taylor Swift and Travis Kelce's wedding, Gomez is dropping "something new."

Days after attending Taylor Swift and Travis Kelce's wedding, Gomez is dropping "something new."

Stellar 3Y Auction Stops Through Even As Yields Hit 1 Month High

With yields blowing out today as they followed the sharp increase in oil prices after Iran struck no less than 3 ships crossing the Hormuz Strait (with a Trump response sure to follow), we doubt there was much focus on today's 3Y auction. Which is unfortunate because despite the selloff in the secondary market, the auction itself was quite solid. 

The sale of $58BN in 3 Year paper, the week's first coupon auction, priced at a high yield of 4.179%, down modestly from 4.192% in June which was the highest since Feb 2025. It also stopped through the When Issued 4.185% by 0.6bps, and followed two tailing auctions.

The bid to cover was 2.600, down from 2.645 and below the recent average of 2.645 although as shown in the chart below, the BTC for the tenor appears to have flatlined between 2.5 and 2.7 over the past 6 years. 

The internals were stronger, with Indirects awarded 67.5% of the auction, up from 63.71% last month and the highest since April (also well above the recent average of 62.5%). And with Directs taking 7.7%, down notably from 15.3% a month ago, Dealers were left with 24.75% of the auction, the highest since February. 

Overall, this was a very strong 3Y auction which curiously comes in a very ugly day for the bond complex, which seemingly oblivious of the strong primary demand, has pushed 10Y yields to a session high of 4.523%, the highest since June 10, and rising fast. 

Tyler Durden Tue, 07/07/2026 - 13:23

Get to know the new housemates on Season 28 of Big Brother!

'Apex Of Civilizational Ambition': Wall Street Bulls Pile In On SpaceX, Raymond James Street-High $800 Target

A flurry of Wall Street analysts is turning incredibly bullish on SpaceX, with 12-month price targets ranging from Raymond James' $800 to Arete Research's $401 and Morgan Stanley's $300.

The average price target across 34 analysts tracked by Bloomberg now sits at around $236, implying massive upside from current levels of about $150 and reinforcing the view that analysts are beginning to value SpaceX less as a rocket company and more as a foundational AI, satellite broadband, and next-generation infrastructure company.

Raymond James is the most bullish among analysts covering SpaceX, initiating coverage with a "Strong Buy" rating and a Street-high 12-month price target of $800, about 500% above its IPO price.

"Just as railroads, electric grids, and the Internet reshaped prior economic eras, we believe SpaceX is building the foundational platform for the next generation of industrial capacity," Raymond James analyst Brian Gesuale wrote in a note to clients.

JPMorgan analyst Doug Anmuth told clients Tuesday that his team initiated coverage on SpaceX with an "Overweight" rating and a $225 12-month price target.

"SpaceX's ambitions are bigger than any company's we've seen - to make life multi-planetary, leverage the Sun to build out AI in space, & build bases on the Moon and cities on other planets," Anmuth wrote in the note.

He continued:

In our view, no other company is as well positioned to go after the combined anticipated TAM of $28T+. Launch is the key enabler & differentiator, with ~670 orbital launches, a 99%+ success rate, & 80%+ of all mass to orbit since 2023. Starship should deliver a 10x cost improvement & ~4x higher payload vs. Falcon 9 and enable the company to pursue entirely new markets. Connectivity drives current financials via Starlink, the largest LEO constellation (9,600+ satellites, 12M+ active customers, 164 markets), where we project broadband subscribers growing from 9M in 2025 to 95M+ in 2030. Importantly, AI is expected to be the long-term driver, as SpaceX is modeled to ramp terrestrial compute ~8x to 8GW by the end of 2028 & pursue orbital compute towards ~75GW by the end of 2031. We believe significant upside potential remains as the company quite literally builds out the next frontier.

Edison Yu at Deutsche Bank told clients earlier today that SpaceX "represents in our view the apex of civilizational ambition, oftentimes expressed in steel and fire, bending the arc of history to make humans multiplanetary by building foundational infrastructure across transportation, connectivity, and AI."

"In short, across nearly every category, we struggle to find competitors that can challenge SpaceX's moat and therefore initiate coverage with a Buy rating and $255 price target," Yu said.

SpaceX shares fell 5.5% on Tuesday morning to $151 and now trades down 31% from the June 16 intraday high of $218. Shares have been basing around the $150 level since June 24.

Another major bull on the stock is Morgan Stanley, which has a $300 12-month price target, with analysts at the bank stating that the company stands to gain from AI demand.

RBC Capital Markets analyst Tom Narayan raised Tesla's 12-month price target on the view of a SpaceX-Tesla merger on the horizon.

Narayan continued:

Our view: In this report, we raise our Tesla PT to $500 by incorporating a 25-30% premium to current trading levels, (and a 15% premium to the stock's intrinsic value), owing to a potential SpaceX acquisition scenario based on unconfirmed media reports. We also sharpen our pencils on our Tesla intrinsic valuation. We believe our robotaxi work in particular is unique in both in its approach and detail.

Meanwhile, Morningstar analysts remain the most bearish on SpaceX, with a "Sell" rating and a 12-month price target of $62.

Professional subscribers can read the full SpaceX coverage from leading desks here at our new Marketdesk.ai portal. 

We suggest starting with: 

1. Deutsche Bank: Apex of Civilizational Ambition

2. Needham: Launch King Secures Its Rule in Orbital Infrastructure; Initiate Buy

3. RBC Capital Markets: Space, the final frontier, repriced; initiating at Outperform with a $225 price target

4. Morgan Stanley: AI's Final Frontier; Initiate at Overweight, PT $300

5. JPMorgan: The Next Frontier; Initiating Coverage with an Overweight Rating & $225 PT

Index inclusion could provide support for SpaceX around the $150 level. Bloomberg Intelligence analysts estimated that inclusion in the Nasdaq-100 and FTSE Russell could generate at least $5.4 billion in demand from index-tracking funds.

Tyler Durden Tue, 07/07/2026 - 13:20

More than 14,000 Cadillac Vistiq electric vehicles have been recalled over a risk of the third-row seat trapping a child, after a two-year-old girl in Ohio was crushed to death in a tragic power seat incident in a Hyundai vehicle earlier this year.

Brandon Aiyuk has left no room to doubt his feelings toward the San Francisco 49ers. In his latest Instagram rant, the wide receiver went as far to say the team lied about the situation. In his latest unhinged social media, embattled WR Brandon Aiyuk claims the 49ers have lied to media and fans in an...

Lionel Messi apparently has some cracks in his armor.

The City Council voted unanimously June 9 to accept a $2 million federal grant to study possible "cap parks" over the Santa Monica Freeway.

What’s been billed as basic math can sometimes look more like Einstein’s theory of relativity.

The Los Angeles Lakers are still looking to add to the roster after a busy first few days of free agency.

One itty-bitty, buzzy hotspot, smack-dab in the central Mediterranean Sea, is steadily welcoming visitors from all corners of the Earth, making it Europe's most overcrowded island for 2026.

Could Stephen Amell have swung by Beth and Rip's new digs?

The president suggested he could have skipped the leadership summit had it not been held in Ankara.

The Duke of Sussex gave a welcome address at the 14th Invictus Games Foundation Conversation: From Policy to Practice conference at Chatham House.