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According to Golden Ten Data on June 17, CNBC host Jim Cramer stated on Tuesday that investors are flocking to SpaceX (SPCX.O) because they are betting on Elon Musk's ability to create disruptive companies, rather than the company's current profitability. "This stock is called SpaceX, but it could just as well be called Elon Musk," Cramer said. After successfully completing its IPO last Friday, SpaceX quickly became one of the most valuable companies worldwide. On Tuesday, its shares rose nearly 5% again, with its market value surpassing that of several tech giants, including Amazon, and briefly exceeding Microsoft. This rally has intensified doubts about whether SpaceX's approximate $2.5 trillion valuation is reasonable. However, Cramer believes that traditional valuation methods overlook the real value many investors are purchasing. "This company may lose money for many years, and such a high valuation is unreasonable. It has reached this valuation solely because it's operated by Musk." Although Musk recently predicted that SpaceX could achieve $1 trillion in annual revenues by 2030, Cramer thinks the stock's appeal goes far beyond any single forecast. "Buying SpaceX is essentially buying Elon Musk's mind," Cramer said. "I believe the admiration for Musk is real."

On June 17, options traders' views on the Federal Reserve's recent rate path have become increasingly divergent, with various bets ranging from expectations of rate cuts in the coming months to differing degrees of rate hikes. Swap market pricing indicates that it is almost certain the Fed will maintain rates at its meeting on Wednesday, with all eyes turning to Chair Waller's first press conference for clues about future policy. Although the U.S. and Iran are set to formally sign a temporary peace agreement, leading to a drop in oil prices to a three-month low and providing some relief to inflationary pressures, future policy remains uncertain.

On June 17, CNBC reported that the Federal Reserve will release its latest dot plot on Wednesday, showing officials' expectations for interest rate trends. However, most Wall Street Fed watchers expect that new Fed Chair Waller may not participate, either because he feels unprepared or simply because he dislikes the dot plot. Waller has previously expressed opposition to the dot plot and other forward guidance methods, arguing that these approaches limit the Fed's decision-making capabilities. If Waller refuses to provide dot plot expectations, it would contradict nearly 14 years of practice since the financial crisis and could alienate him from other Fed officials who support this communication method. However, for Waller, who has committed to fundamentally reforming the institution's operations, this may be an effective first step. "In my view, he likely does not want to submit interest rate forecasts," said former Fed monetary policy chief and current Yale professor Bill English. "There may be others on the committee who also dislike the dot plot, and they might be willing to do the same." (The image shows the dot plot released by the Fed in March this year.)