Brief
PrediXmarkets
  Market intelligence, condensed.  
 
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In 1933, FDR signed an executive order that changed the price of gold overnight. No vote. No warning. One signature.

It was the single biggest wealth transfer from citizens to government in American history.

For 90 years, that revaluation has sat on the books untouched. The government still values its gold at $42.22 per ounce. The real price is above $5,000. That's a $1.2 trillion gap.

Now Trump has the same executive authority. And unlike FDR, he's not being quiet about it.

His Treasury Secretary said publicly the administration plans to “monetize the assets on the balance sheet.” There's legislation in his own party to revalue the gold. A Federal Reserve economist published the playbook. And central banks around the world are positioning like they already know the outcome.

In 1933, the wealth transfer went from citizens to the government. This time, experts believe it could go the other direction. But only for Americans who are positioned before Trump picks up the pen.

A free report called “The Great Gold Reset” reveals the executive authority, the FDR precedent, and how to get your retirement on the right side of this before one signature changes everything.

Download Your Free Report Here
— THE OPEN
   

SpaceX begins trading on Nasdaq this morning at $135 a share, the largest public offering in market history. Yesterday, Trump canceled strikes on Iran and said a peace deal could be signed this weekend. Brent fell four percent. The S&P surged 1.75%, the VIX collapsed 12%, and the rate market did nothing: Polymarket still prices a 99% hold at next week’s FOMC and 80% zero cuts for the year.

Equities priced the peace. Rates priced the inflation. The largest IPO ever opens into the gap between them.
01 Today
 
   
SpaceX Opens Into a Split Tape

SpaceX lists under the ticker SPCX with indicative quotes starting at 10:15 a.m. ET, per Nasdaq. Goldman Sachs led the book. The company raised $75 billion at a valuation of roughly $1.78 trillion, making it larger than Tesla on day one. About 30% of the offering went to retail investors, the highest allocation for a mega-IPO in recent memory, per the S-1. It debuts into a market that has moved more than 250 points in two sessions: down 1.6% Tuesday on CPI, up 1.75% Thursday on Iran deal talk. Multiple trading halts are expected.
   
The Peace Rally

Trump told reporters Thursday the war with Iran was settled and a signing could happen this weekend in Europe. He confirmed the Strait of Hormuz would reopen as part of the deal. Brent crude dropped more than four percent to $89, per Trading Economics, the lowest since March. The S&P 500 climbed 1.75%, its best session in two months. But Iran’s Foreign Ministry said overnight the Americans were raising new demands. The April ceasefire talks collapsed in days. Even if signed, the Strait has been closed for 105 days. Clearing mines and restarting production takes months.
   
The Pipeline Didn’t Get the Memo PPI

The same morning the market celebrated peace, the BLS released May producer prices. PPI rose 1.1% month-over-month, beating the 0.7% forecast. The 12-month rate hit 6.5%, the hottest since November 2022, per the Bureau of Labor Statistics. Nearly 80% of the increase came from goods. Stage 1 intermediate demand jumped 12.3% year-over-year, the largest rise since June 2022. That is the pipeline number: the costs manufacturers are absorbing now and passing to consumers later. CPI at 4.2% was Tuesday’s headline. PPI at 6.5% is what comes next.
THE BIG NUMBER
The Split
What the market is pricing this morning.
FOMC JUNE HOLD
Polymarket · $76M volume		 99.3%
 
ZERO CUTS 2026
Polymarket · no relief priced		 80%
 
RATE HIKE 2026
Polymarket · coin flip		 50.5%
 
BRENT CRUDE
3-month low · pricing peace		 $89
 
PPI FINAL DEMAND YoY
BLS · highest since Nov 2022		 6.5%
Oil is pricing the end of a war. The rate market is pricing its inflation. One of them will reprice next week.
↑ Overnight Up
S&P 500 (7,394)
Nasdaq (+2.54%)
Dow (50,848)
  
↓ Overnight Down
Brent crude ($89.13)
Gold ($4,200)
VIX (19.44)
02 Worth Knowing
 

The market has priced an Iran deal before. In April, Trump announced a ceasefire and talks in Pakistan. The talks collapsed within days. Prediction-market bettors have been skeptical of a final deal all spring, even as headlines ran ahead of the ink.

The deeper issue is the pipeline. Producer prices at 6.5% year-over-year reflect costs already embedded in diesel, jet fuel, and industrial chemicals through two stages of intermediate demand. Those costs do not disappear if a deal is signed Saturday. CPI lags PPI by roughly two months. The 4.2% headline from Tuesday reflects inputs from March and April. The 6.5% PPI from Thursday reflects May.

Kevin Warsh chairs his first FOMC meeting in four days. He will work from the data he has: 4.2% CPI, 6.5% PPI, a labor market that added jobs above consensus, and a rate-hike probability that Polymarket now prices at a coin flip for the year. A weekend peace deal may change the trajectory. It does not change the print.

Today’s Quote
“
We just made a great settlement of the war with Iran.
— Donald Trump, President · to reporters · June 11
That evening, Iran’s Foreign Ministry said the Americans were raising new demands. The market had already repriced.
WORTH WATCHING

Today — SpaceX begins trading on Nasdaq under ticker SPCX. Indicative quotes start 10:15 a.m. ET. Multiple halts expected. The first public print will tell you whether $1.78 trillion was the bid or the ceiling.

Today, 10:00 a.m. ET — University of Michigan preliminary consumer sentiment for June. The prior reading fell to a cycle low. If sentiment drops further while stocks rally on peace talk, the gap between Wall Street and Main Street widens.

This weekend — Iran deal signing, if it happens. Trump said probably in Europe. The Strait of Hormuz reopening is contingent on the ink. This is the third time a breakthrough has been announced since April.

Tuesday, June 16 — FOMC meeting begins. Warsh’s first as chair. He takes the seat with CPI at a three-year high and a rate-hike coin flip on Polymarket.

Wednesday, June 17 — FOMC rate decision. Statement language and updated dot plot. Polymarket: 99.3% hold. The trade is not the decision. The trade is whether the committee drops its easing bias.

The largest IPO in history opens this morning into a market that repriced itself on a promise. The promise hasn’t been signed. The Fed meets Tuesday. The desk watches both screens.

— The PrediXmarkets desk
For informational purposes only. Not investment advice.

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PrediXmarkets

For informational purposes only. Not investment advice.