WS #11002
No material new developments in the last 30 minutes. The previous synthesis remains current with no counter-signals or changes to the dominant narratives.
Topics
Key developments
- Supreme Court blocks Trump's firing of Fed Governor Lisa Cook, reinforcing Fed independence
- Supreme Court rules presidents can fire FTC commissioners, expanding executive power
- US and Iran agree to 'stand down' after Hormuz strikes; Iraqi oil shipments resume
- Rocket Lab acquires Iridium in $8B all-stock deal
- BNY Mellon expands stablecoin services with Circle's USDC
- MicroStrategy board approves $1.25B Bitcoin sale
- JPY weakens to 161.95 per USD, near 40-year low
- Citadel Securities warns investors underestimate Fed Chair Warsh's inflation resolve