WS #11280
No material new developments in the last 30 minutes. The dominant narratives from the prior window—tech-to-cyclicals rotation, semiconductor selloff, Saudi Hormuz flows recovery, and June payrolls miss—remain unchanged with no new data points or counter-signals to report.
Topics
Key developments
- June US payrolls miss sharply (57K vs 115K), reducing Fed rate hike odds
- Saudi oil flows through Strait of Hormuz more than double since US-Iran deal
- Tesla Q2 deliveries surge 25% YoY to 480,000, beating estimates
- Microsoft launches $2.5B AI consulting division with 6,000 engineers
- Semiconductor selloff deepens: Micron -5%, Nvidia -1.4%, AMD -4.3%
- Michael Burry opens first-ever short position in Caterpillar
- Apple foldable iPhone supply chain ramp boosts stock 4%
- Meta CEO admits AI agent development not accelerating as expected