WS #11000
No material new developments in the last 30 minutes. The previous synthesis remains current: SCOTUS rulings on agency power and Fed independence, the US-Iran meeting scheduled for Tuesday, and oil supply disruptions from Strait of Hormuz are the dominant themes. No counter-signals or new data points have emerged to alter the prevailing narrative.
Topics
Key developments
- Supreme Court rules Trump can fire FTC commissioners at will, but blocks firing of Fed's Cook
- US-Iran meeting in Qatar on Tuesday; Rubio/Witkoff to brief Congress
- Micron plunges ~$78B market cap on federal class-action lawsuit
- Firmus to buy 170,000 NVDA GPUs for 2027/28, bullish for AI infrastructure
- Qatar halts all maritime activities; Brent up 5.4% in 24h