John Stepek

And I mean, so- MARK BLYTHER- So these are snapshots of what's going on in manufacturing and services and things.

People trying to get ahead of future price increases.

So I suppose the funny thing then is for all of this kind of slightly ropey economic data, it kind of looks as if we're going into a gentle dive is possibly the kind of right word.

The stocks aren't that bad.

I mean, how much of that do you put down to it being the fact that actually this data has then made it more likely that the Bank of England won't hike interest rates?

Not enough.

Well, one thing I was going to ask you before we kind of wrap up.

So today we had the SpaceX prospectus.

And obviously SpaceX is the big exciting IPO this year.

And we've got OpenAI and Anthropic as well coming up.

What are your thoughts on the idea that this big dollop of equity hitting the markets might be the thing that they find a bit hard to digest or the thing that knocks everyone down?

Well, maybe even a top of the market indicator, but certainly something that pushes back on the bull market.

To be fair, if he did that, I can see if the valuation of SpaceX would justify itself if that is something that it can do to you.

So given the choice, the last question, not personal financial advice here.

Of course.

If you had the opportunity, would you buy SpaceX at the IPO?

Well, thanks very much, Sam.

No, I really appreciate that.

And thanks for coming in.

And everyone, you should read the Markets Today blog daily on the Bloomberg website.