Was it another red week for markets - SpaceX effect on quantum, AI and the Nasdaq

[Kernel]

The week of June 9-13 will be dominated by two events: the SpaceX SPCX IPO on June 12 and Apple WWDC opening June 8. Combined with the previous week's Broadcom-triggered 4% Nasdaq selloff on June 5, markets have been in a fragile state. The liquidity rotation thesis was that capital left quantum, AI small caps and crypto to fund SPCX allocations. The question is what will bounce back and what will stay down. Perhaps the entire market?

Key names to assess: IONQ, QBTS, RGTI, QUBT, Nvidia, Broadcom, AMD, Micron, Rocket Lab, Intuitive Machines, AST SpaceMobile. Did the pre-IPO halo lift the space names or did early SPCX investors take profits and drive everything down?

[Kieran88]

The week after a mega IPO is historically negative for the sector the IPO comes from. Capital that rotated in for SPCX allocations is sticky for 180 days due to lockup rules. It does not immediately rotate back out into the other space and AI names

[ShawnMichaels]

Quantum names had already been punished going into the SpaceX week. IONQ down 7%, QBTS down 8%, RGTI and QUBT down 10% the previous Friday. If they got hit again this week the cumulative drawdown from recent highs is going to be extreme

[AnthonyCribb]

The AI names being down is different from quantum being down. Nvidia has real earnings. Broadcom has real earnings. Their selloffs are about valuation multiples being repriced not about the business model being questioned

[Ryan84]

The VIX staying above 20 through the SpaceX week would be the bearish continuation signal. Below 18 by end of week means the volatility spike was transient and risk appetite is recovering

[Hollow85]

Bitcoin moving with or against the Nasdaq this week is an important tell. If crypto decouples and holds or rises while tech sells off you are seeing true rotation into alternative assets. If they all fall together it is pure risk-off

[Di82]

The 90-day window from the June 5 peak VIX spike is the one to watch. History suggests the first real test of whether we are in a bull market correction or the beginning of something worse comes 60 to 90 days after the volatility event