🍋 Wall Street's Latest Squeeze

Plus: Oracle on a generational run, making Larry Ellison world’s second-richest man, Wall Street is selling risky loans (again), dequity funds are here, and 23andMe was bought back.

short squeez

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"The most valuable habit I’ve acquired is using pain to trigger quality reflections." — Ray Dalio

Good Morning! Wall Street is back to selling second-lien loans amid surging demand. Oil prices are spiking as the Middle East conflict escalates. And private credit is stepping in with special loans for PE portcos struggling to exit.

The world’s largest meatpacker finally made its NYSE debut, while Oracle $ORCL ( â–Č 0.56% ) had its best week (+24%) since 2001 on AI hype. Founder Larry Ellison surpassed both Bezos and Zuck to become the second-richest man in the world, with a fortune of ~$260 billion.

Plus: Anne Wojcicki is buying back 23andMe and its data for $305 million, Trump reported over $600 million in income, and 6 best lessons from a dating coach.

Zillow’s founders are back, this time unlocking luxury vacation homes across the globe. Here’s your chance to invest in a new model of luxury living. Learn more about their raise.

SQUEEZ OF THE DAY

Wall Street’s Latest Squeeze

There’s a new workplace injury plaguing young finance bros, and it’s not carpal tunnel from Excel. According to Bloomberg, more Gen-Z bankers are self-diagnosing themselves (and it may be thanks to ChatGPT or Reddit) with pelvic floor dysfunction, a condition once mostly associated with postpartum recovery.

And physical therapists say the culprit is stress, not bad form at Equinox or Barry’s. Working in high finance (and adjacent roles) means long hours of sitting and high levels of stress. Stress triggers your body’s “fight-or-flight” response and tightens your core muscles to protect vital organs. 

While that may have had an evolutionary purpose when humans were running from a lion, it’s less helpful during a 10pm model walk-through with a psychopathic VP.

Clinics across NYC that once focused on helping women post-childbirth are now packed with hedge fund analysts and M&A associates. Waitlists stretch for weeks. And PTs say their fastest-growing patient segment is high-achieving, overworked men in their 20s and 30s.

Many don’t even know what a pelvic floor is, until pain, bladder issues, or even erectile dysfunction push them down an internet rabbit hole.

AI and TikTok are now leading men to pelvic floor therapy faster than ever before. Some are referred by friends. Others come in clutching Reddit threads and ChatGPT printouts. And yes, even the phrase “hard flaccid syndrome” came up.

Takeaway: In an industry built on suppressing emotion, pelvic pain might finally be the thing guys are willing to talk about. Is it just another TikTok wellness trend, or are young bankers sounding the alarm on a legit health issue? Only time will tell. In any case, turns out the most overactive muscle on Wall Street might not be the ego, it’s the pelvic floor.

HEADLINES

Top Reads

  • Wall Street draws bigger crowd for riskier corporate loans (BB)

  • Oil prices could top $90 as Israel-Iran conflict escalates tensions (YF)

  • The world’s largest meatpacker finally makes Its NYSE debut (CNBC)

  • Oracle’s stock closes out best week since 2001 on cloud momentum (CNBC)

  • Larry Ellison become world's second richest person (YF)

  • Private equity stuck in limbo gets assist from direct lenders (BB)

  • Anne Wojcicki to buy back 23andMe and its data for $305 million (CNBC)

  • Trump reports more than $600 million in income from crypto, golf, licensing fees (CNN)

  • David Sacks selling stakes in xAI, Meta and other AI companies (Axios)

  • JPMorgan can retain junior bankers with cash, not threats (BB)

  • Goldman Sachs banker Todd Eagle quits real estate team (NYP)

  • Yale is rushing to sell billions in private equity investments (NYT)

  • Estee Lauder Chairman Emeritus Leonard Lauder dies at 92 (CNBC)

  • Consumer sentiment swings sharply higher in June (Axios)

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CAPITAL PULSE

Markets Rundown

Market Update

  • U.S. stocks fell Friday as Middle East tensions escalated following Israeli strikes on Iranian nuclear and military targets.

  • Iran retaliated with drone and missile attacks, pushing oil prices up 8% and gold up 1.5% on safe-haven demand.

  • All sectors of the S&P 500 declined except energy, with the S&P 500 down 1.1% and the Dow off 1.8%.

  • 10-year Treasury yield rose to 4.41%, reflecting inflation concerns despite heightened geopolitical risks.

  • European and Asian markets also finished broadly lower, though major indexes remain up year-to-date.

Economic Data Highlights

  • Oil prices: Jumped to $74, the biggest weekly gain since 2022.

  • Gold: Gained 1.5% on safe-haven flows.

  • 10-year Treasury yield: Closed at 4.41%, up modestly on the day.

Reported Earnings

  • No significant earnings were reported on June 13.

Earnings Today

  • Lennar (LEN) – Reporting June 16 (After Market Close): Investors will track housing demand, mortgage-rate sensitivity, backlog strength, and margin trends amid shifting material costs.

Movers & Shakers

  • (+) Restoration Hardware ($RH) +7% after the luxury retailer posted a surprise profit.

  • (+) Lockheed Martin ($LMT) +4% because heightened geopolitical tensions boosted military contractor stocks.

  • (–) Adobe ($ADBE) -5% after AI growth didn’t meet investor expectations.

Private Dealmaking

  • Gecko Robotics, a robots maker, raised $125 million

  • Coco Robotics, an autonomous vehicles developer, raised $80 million

  • Wandercraft, a robotic mobility systems developer, raised $75 million

  • PostHog, a product analytics platform, raised $70 million

  • Abacum, a financial planning startup, raised $60 million

  • Pactum, an enterprise procurement platform, raised $54 million

For more PE, VC & M&A deals, subscribe to our Buysiders newsletter.

NEIGHBORHOOD WATCH

Real Estate Digest

 

Need help with real estate? Our official partner, Nest Seekers International, can help you buy, sell, rent, or invest, anywhere in the world. Get in touch here.

Mortgage rates continued to move down in a narrow range that has been established over the last few months, with this week being more of the same. Rate stability, improving inventory numbers and a decrease in house price growth are encouraging signs during June’s National Homeownership Month.

Latest News

New Listings

BOOK OF THE DAY

Time Anxiety

Description: A compelling exploration of our time-obsessed culture and how the relentless pressure to "do more, faster" fuels stress, burnout, and chronic rushing. Chris Guillebeau offers insight-backed strategies—from grounding techniques and boundary-setting to embracing "good enough"—to dismantle the illusion of urgency and reclaim a balanced, intentional life.

Rating: Amazon: 4.9 / 5

Book Length: ~288 pages (hardcover)
Audible Length: 5 hrs 11 mins

Ideal For: Anyone struggling with time guilt, chronic overwhelm, or burnout—especially high achievers, busy parents, professionals, students, and wellness seekers seeking a healthier pace.

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DAILY VISUAL

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DAILY ACUMEN

Luck

We often chalk success up to luck—a serendipitous email, a chance encounter, a fluke win. But what if luck isn’t something that finds you
 what if it’s something you build?

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It’s saying yes to small, unglamorous moments—like introducing yourself to a stranger in the park. It’s rehearsing for days just to freeze on stage
 and still win.

It’s showing up to events you feel unqualified for, asking questions you’re scared to ask, applying again after rejection.

Neuroscience backs this up. Every time you face discomfort, you rewire your brain for growth. You’re not just building skills—you’re altering your biological capacity to succeed.

Stop waiting for the universe to pick you. Raise your hand. Say yes. Speak up. Show up. Because luck doesn’t favor the worthy—it favors the visible.

ENLIGHTENMENT

Short Squeez Picks

  • 5 types of vacations that make you a better leader

  • Warren Buffett’s top 3 investment tips for beginners

  • Why smaller companies get kinder online reviews

  • 7 must-try restaurants short drive from NYC

  • The 6 best lessons from seeing a dating coach

MEME-A-PALOOZA

Memes of the Day

📣 Partner With Us: Get in front of an audience of over 1 million finance professionals, business leaders, and policy influencers. Submit a partnership inquiry.

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🧱 Wall Street Shop: Explore our collection of finance-themed apparel and merchandise. Visit the shop.

📬 Deals Newsletter – Buysiders: A curated roundup of major M&A, private equity, and VC activity. Plus access to private deal flow. Subscribe here.

🏠 Real Estate Newsletter – City Squeez: Latest news and exclusive listings for those looking to buy, rent, or invest in real estate around the world. Sign up here.

📚 Courses: Level up with our excel, modeling, and private equity courses. View offerings.

*Disclaimer: This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. There’s no guarantee that Pacaso will file for an IPO. 

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