WS #11214
No genuinely new material developments in the last 30 minutes. The dominant themes—Iran oil de-escalation, tech rotation out of semiconductors into AI/cloud, and insider selling—remain stable with no new data points or counter-signals. The US jobs report on Thursday and July 4th market closure are unchanged.
Topics
Key developments
- Strait of Hormuz oil flows surge past 10M bbl/day; US-Iran talks show 'positive progress'
- Meta plans AI cloud business, stock surges 8.8%; semiconductor stocks plunge
- Fed Chair Warsh signals hawkish stance, ADP jobs miss at 98K
- Russia launches massive missile attack on Kyiv, hitting residential buildings
- Gold jumps 1.74% to $4,091 on weak ADP data and falling bond yields