WS #10687
No genuinely new market-moving developments have emerged in the last 30 minutes. The dominant narrative of Strait of Hormuz tensions and AI-memory trade remains stable, with no counter-signals or de-escalation to report.
Topics
Key developments
- Iran proposes $40B annual fee for Strait of Hormuz passage; vessel struck by IRGC Navy off Oman
- DA Davidson raises Micron price target to $2000; Wells Fargo to $1525; bullish options activity
- Apple iPhone sell-in to China declines 19% YoY in May per UBS
- Dallas Fed trimmed mean PCE rises to +2.8% annualized; core PCE 3.4% YoY
- US airline stocks erase pandemic-era losses as oil prices ease
- Supreme Court allows Trump to end TPS for 350,000 Haitians and 6,100 Syrians
- Federal judge blocks Trump executive order restricting mail-in voting