Treasury Doubles Debt Buybacks to Stabilize Bond Market Amid Yields Surge The U.S. Treasury Department announced on Wednesday it will more than double the scale of its government debt repurchase operations, targeting the longer-duration segment of the bond market to address liquidity concerns and stabilize yields. The move comes amid heightened market stress, with bond yields surging to levels not seen in nearly two decades. The decision to increase buybacks from $2 billion to at least $4 billion per month is expected to provide immediate relief to investors and curb the upward pressure on yields. The accelerated buyback program, set to begin on September 9 and last through November 4, will focus on the 10- to 20-year and 20- to 30-year portions of the Treasury market. These segments have faced significant selling pressure since late June, as investors have grown wary of holding long-duration bonds amid concerns about inflation and economic growth. The Treasury emphasized that the expanded operations reflect its commitment to supporting liquidity in sectors with strong market participation, citing the high volume of quality offers received during previous buyback rounds. The announcement immediately triggered a sharp decline in bond yields, with the benchmark 10-year Treasury note falling 6 basis points to 4.647% and the 30-year "long" bond dropping 9 basis points to 5.196%. Yields and bond prices move in opposite directions, so the steep declines in prices signaled a dramatic shift in investor sentiment. Meanwhile, stock market futures surged, reflecting optimism about the Treasury’s intervention to ease financial market pressures. Economists and market analysts have weighed in on the implications of the policy.#scott_bessent #federal_reserve #treasury_department #evercore_isi #harvard_university
SpaceX Preparing for Starship Launch as Evercore Issues Bullish Outlook SpaceX is set to attempt its 13th test flight of the Starship rocket no earlier than Thursday, marking a pivotal moment in the company’s development of its most advanced launch vehicle. The mission, scheduled to launch from Starbase, Texas, around 6:45 p.m. EDT, will be the second test of Starship’s Version 3 design, a larger and more powerful iteration that debuted less than two months ago. The previous launch in May encountered significant challenges, including heat damage to the Super Heavy booster during separation and engine failure during its return attempt, resulting in the loss of the booster. The Starship program has been a cornerstone of SpaceX’s long-term vision, enabling heavy-lift launches, satellite deployment, and future missions to the moon and Mars. Since its initial testing in 2023, the vehicle has undergone continuous refinement, with the latest version aiming to address past technical hurdles. The upcoming flight will be closely watched as a critical step toward achieving operational readiness. Meanwhile, investment bank Evercore ISI has taken a bullish stance on SpaceX, initiating coverage of the company with an Outperform rating and a $230 price target. This target implies a potential 65% upside from the stock’s recent closing price of $139.14. The analyst, Kutgun Maral, highlighted SpaceX’s transformative potential, describing the company as “an extraordinary entity on a real path to reshaping the future of humanity.” Maral emphasized SpaceX’s vertically integrated model, which has leveraged reusable, low-cost launch technology to establish a near-monopoly on orbital access. This advantage has been used to build Starlink into a scalable, cash-generating broadband network and to pivot toward AI infrastructure.#spacex #evercore_isi #starship #starbase_texas #kutgun_maral
SanDisk Stock Declines Amid Rising Short Interest and Market Concerns Shares of SanDisk Corp (NASDAQ: SNDK) experienced a notable decline on Thursday, marking a shift in momentum for the memory storage company. The stock retreated after a dramatic 412.27% year-to-date surge, prompting investors to reconsider their positions. Analysts and market observers are now closely monitoring the stock’s performance amid growing concerns about overbought conditions and potential corrections. The decline coincided with an increase in short interest, signaling a shift in market sentiment. Recent data revealed that the number of shares held short by investors rose from 8.06 million to 9.75 million during the latest reporting period. This increase brought the short float to 10.33% of SanDisk’s publicly available shares. With an average daily trading volume of 16.83 million shares, short sellers could potentially liquidate their positions within a single trading day without triggering a significant squeeze. However, the rising short interest has raised questions about the sustainability of the stock’s recent rally. Adding to the uncertainty, "The Big Short" investor Michael Burry expressed concerns on social media, comparing the current Nasdaq surge to the 1999 dot-com bubble. Burry highlighted the "extreme" nature of the Nasdaq rally, suggesting that the current market environment may be similarly fragile. While some analysts remain optimistic, others are cautioning against overconfidence. For instance, Evercore ISI analyst Amit Daryanani praised SanDisk’s strong financials, including an 80% gross margin and $42 billion in AI-related deals. However, Burry’s comments underscore the growing skepticism about the company’s ability to sustain its recent gains.#nasdaq #san_disk #michael_burry #evercore_isi #short_interest
Analyst Warns of Potential Pullbacks for Micron and Sandisk Stocks Market analysts are cautioning that memory chip manufacturers Micron and Sandisk may face significant downward corrections in 2026, as highlighted by Detik Finance. Both companies have experienced stock valuations that have surged well above historical averages, driven by the ongoing artificial intelligence infrastructure boom. Technical indicators show that Micron's current price is more than 100% above its 200-day moving average, a gap wider than during the dot-com bubble. Sandisk's price-to-moving-average spread is even more extreme, reaching 400%. Jonathan Krinsky, BTIG chief market technician, emphasized that the memory sector of semiconductors is among the most vulnerable to downside reversion due to the extreme price movements. Sandisk's stock has risen 287% in 2026 alone, contributing to an overall gain of over 2,843% in the past year. Founded in 1988, the company specializes in NAND flash technology and data storage solutions critical for modern AI models. Micron, established in 1978, has also seen substantial growth, with share prices up 60% this year and 561% over the last 12 months. This growth is largely attributed to hyperscalers like Amazon increasing capital expenditures to secure memory chips, which remain among the tightest components in the AI supply chain. Wall Street remains optimistic, with Yahoo Finance data showing analysts anticipate Sandisk's fiscal 2027 earnings to grow by 133%. Micron's earnings are similarly expected to nearly double year-over-year during the same period as demand for high-volume data storage persists.#micron #sandisk #detik_finance #btig #evercore_isi
