Market update for May 26, 2026 Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: why stocks keep ripping despite bond yields flashing warning signs The latest on the Iran war and what it all means for oil prices Eli Lilly&#x27;s $4 billion vaccine shopping spree and the next-gen weight loss drug analysts are calling &quot;surgery in a syringe&quot; Uber&#x27;s $11.6 billion bid to take over European food delivery giant Delivery Hero Why Micron stock could double from here, according to UBS BP&#x27;s surprise move to remove its chairman over &quot;serious&quot; conduct concerns Why fans are roasting Ferrari&#x27;s first ever EV

Eli Lilly Goes on Vaccine Buyout Blitz, UBS Predicts Micron Stock Will Double

The Rundown

# Full Transcript

**Podcast:** The Rundown

## Participants

- **Zaid Admani** (Public.com)

## Transcript

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Tuesday, May 26th. In today's episode, we'll preview this upcoming week and give you the latest on the Iran war. We'll also tell you why Eli Lilly just bought three vaccine companies and why one investment bank thinks that Micron stock could double.

Then stick around to the end of the show to find out why everyone is dunking on Ferrari right now. And honestly, it's totally justified. We got a great show for you today. Let's go. The stock market continued to roll last week with the S&P 500 jumping 0.9% while the NASDAQ climbed about a half a percent. And the Dow Jones actually closed at record highs on Friday, but nobody cares about the Dow.

So now what people do care about is the S&P 500, which is now on an eight week winning streak, the longest stretch since 2023. The big talking point on Wall Street right now is that the stock market seems to be totally ignoring the warning signs from the bond market over the last couple of weeks. As I talked about all last week, treasury yields have been surging. The 10 year treasury yield is sitting around 4.5% and the 30 year yield is above 5%. Now yields are moving a bit lower this morning, but they're still elevated compared to a couple

weeks ago. And that's usually a sign that bond traders are concerned about inflation or higher interest rates or the broader economy. And typically when bond yields go up, stocks tend to go down. That's because borrowing money gets more expensive and some investors pull money out of stocks and put them into bonds to lock in the guaranteed high yields. But right now, stock market investors are flat out ignoring the bond market. You know, it's kind of like a toxic relationship.

The red flags are everywhere, but investors are too in love with the AI driven rally right now to walk away. And it also probably helps that corporate earnings have been strong. 95% of S&P 500 companies have reported Q1 earnings at this point and profits are up 28% year over year. So I think as long as earnings keep delivering like that, the market is willing to look past higher yields. The big question though, is whether that pattern will hold for the back half of the year or whether investors will finally fall out of love with the AI rally.

And the other thing overhanging all of this is the Iran war and oil prices. President Trump said over the weekend that a peace deal with Iran was close to being finalized, which would reopen the Strait of Hormuz. So that initially sounded like good news. But then on Monday, the US military conducted strikes in southern Iran. And then this morning, Iran's Revolutionary Guard vowed to retaliate. So we're still getting mixed signals here out of the Middle East. And as a result, oil prices are whipsawing. The price of Brent crude fell 7% on Monday o...

Eli Lilly Goes on Vaccine Buyout Blitz, UBS Predicts Micron Stock Will Double

Transcript

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Eli Lilly Goes on Vaccine Buyout Blitz, UBS Predicts Micron Stock Will Double

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.