WS #10600
No material new developments in the last 30 minutes. The dominant narrative of oil decline, sector rotation, and soft housing data remains unchanged with no new data points or counter-signals.
Topics
Key developments
- WTI crude drops below $70/bbl as Trump says Iran not collecting Strait of Hormuz tolls
- Trump cancels bipartisan housing bill signing, demands SAVE Act
- Gold breaks below $4,000, silver slides, bitcoin sinks toward $60K as debasement trade unwinds
- May new home sales miss badly: 580K vs 640K expected
- Hertz shares crater 26%+ on stock offering and lowered guidance