Week of 1 June 2026
Weekly markets 01 06 2026
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Wall Street is brushing off AI bubble fears — the S&P 500 hit record highs 11 times in May, the Nasdaq is up 16%, and Sandisk alone is up 600% on the year. Bulls point to cash-generating companies and strong margins; sceptics like Michael Burry see dotcom-era parallels. We look at why SpaceX, Anthropic, and OpenAI's mega-IPOs — valued at a combined $4trn — are a symptom of public markets' deeper problem: companies listing bigger and later leaves less room for ordinary investors to win. We close with Africa's sovereign bond upgrade wave as credit ratings rise and spreads ease to 304bp.
