Does Space Exploration Technologies Corp. (SPCX) Boost the Strategy’s Risk-on Positioning?

ClearBridge Investments, a global equity manager, recently published second-quarter 2026 commentary for its “Large Cap Growth Strategy”. A copy of the letter can be downloaded here. Equity markets experienced a significant rally in the second quarter, fueled by robust earnings and increasing optimism regarding easing geopolitical tensions. The S&P 500 Index climbed 15.2% during this period, while the Russell 1000 Growth Index returned 16.7%, despite some volatility in sentiment towards AI. The reconstitution of Russell U.S. Indexes and the SpaceX IPO had a notable impact on large-cap...