WS #11209
No material new developments in the last 30 minutes. The dominant narrative remains stable: oil de-escalation continues, tech rotation persists, and Fed hawkishness offsets any dovish hopes. No counter-signals or non-dominant-narrative developments detected.
Topics
Key developments
- Oil falls to 4-month lows as US-Iran talks progress, Strait of Hormuz traffic recovers
- Semiconductor rout deepens: MU -10.41%, SNDK -10.50%, INTC -9.03%, KLAC -9.71%
- Meta surges 8.8% on plans to build cloud business, threatening CoreWeave and Nebius
- Apple in talks to buy chips from blacklisted Chinese firms CXMT and YMTC, risking US backlash
- Fed Chair Warsh says inflation 'too high', dashes dovish hopes
- Microsoft planning third major layoff round in a year, cutting thousands
- Kyiv under massive Russian missile and drone attack, multiple explosions reported
- Bitcoin rallies above $60K despite Fed rate fears and ETF outflows