WS #11265
The chip selloff continues with multiple semiconductor stocks extending losses, but no new catalysts emerged in the last 30 minutes. Iran's Strait of Hormuz warning is a repeat of prior threats with no new escalation; oil prices remain stable. No counter-signals or non-dominant-narrative developments were detected. The narrative arc remains unchanged: ESCALATING for chip selloff, STABLE for rate-cut/gold narrative, DE-ESCALATING for oil/geopolitical risk.
Topics
Key developments
- Iran warns oil tankers in Strait of Hormuz to use approved routes or face 'forceful response'
- US adds only 57,000 jobs in June, well below expectations, boosting rate-cut hopes
- Apple increases foldable iPhone Ultra production target to 10 million units, priced at $2,500-$3,000
- Semiconductor selloff deepens with multiple chip stocks down 10-12%
- Tesla Q2 deliveries beat estimates at 480,126 vehicles, but shares fall on profit-taking and Burry short