This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. ASX steady as RBA pauses on rates
2. M&A activity: Atlas Arteria, Qube
3. Lincraft to close remaining stores
4. SpaceX surges
5. Eight killed in B-52 bomber crash

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Tuesday 16 June 2026

The declaration of peace in the Middle East sparks financial markets, but questions remain about whether it will last.

• Gina Rinehart emerges with a $1.4 billion stake in SpaceX
• IFM Investors ups its offer for Atlas Arteria on a packed day of M&A activity
• A two-day inquiry into the government’s tax changes kicks off
• How being first, or last, in a family, impacts your health outcomes

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A peace deal between Iran and the United States has transformed the outlook for global markets - at least for now.

Sean Aylmer speaks with Roger Montgomery, founder and chief investment officer at Montgomery Investment Management, about which sectors stand to benefit most from falling oil prices, why airlines, retailers and property stocks could outperform, and why history suggests investors should be cautious despite the optimism.

Plus: Roger's take on the extraordinary valuation of SpaceX, why he believes Elon Musk is "the greatest marketer the world has ever seen", and the surprising role Google may have played ahead of the company's IPO.

This is general information only. You should seek professional advice tailored to your circumstances before making investment decisions.

Find out more: https://fearandgreed.com.au/

See omnystudio.com/listener for privacy information.