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Monday, June 8, 2026

‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

Good morning. On Fortune’s radar today:

  • Markets: Red alert over global selloff.
  • “We didn’t see this coming”: Economists are eating their job forecasts.
  • AI bubble fears are back on the table ahead of Friday’s SpaceX IPO.
  • Strip out AI and the growth story cracks.
  • “There be dragons”: BofA notes that inflation could surpass unemployment.
  • Meet the woman forced out of Goldman Sachs because she baked a lot of elaborate cakes.

This story was originally featured on Fortune.com



source https://fortune.com/2026/06/08/stocks-ai-bubble-spacex-ipo/

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