WS #11178
The dominant narrative from the previous window remains unchanged: tech rotation (semis down, software/META up), USMCA non-renewal, Iran talks, and Russia-Ukraine energy strikes. No new material developments have emerged in the last 30 minutes to alter this picture. The window contains only routine market commentary and recirculation of existing headlines, with no counter-signals or de-escalation events.
Topics
Key developments
- Massive tech rotation: semis plunge, software surges as Meta's AI cloud plan pressures AI infrastructure
- U.S. confirms USMCA non-renewal, opens negotiations with Canada and Mexico
- Preliminary U.S.-Iran deal unfreezes $3B for Iran, Strait of Hormuz shipping resumes but control risks persist
- Putin admits fuel shortage after Ukrainian drone strikes on Russian oil refineries
- ADP payrolls miss at 98K, ISM Manufacturing PMI falls, gold rallies above $4,100