WS #12039
No material new developments in the last 30 minutes. The dominant signals from the previous window (US CPI data, IBM earnings disaster, US-Iran/Hormuz tensions, Fed Chair Warsh testimony, bank earnings, Keybanc Apple downgrade, NY data center moratorium) remain unchanged with no new data points or counter-signals to report.
Topics
Key developments
- US June CPI Disinflation Surprise: Headline -0.4% MoM vs -0.1% est., Core 0.0% MoM vs +0.2% est.
- IBM Preliminary Q2 Revenue Below Estimates, Shares Down ~23% Pre-Market (Worst Since 1987)
- Trump Reimposes Naval Blockade of Iranian Ports, 20% Toll on Strait of Hormuz; Oil Spikes Above $86
- Goldman Sachs Q2 EPS $20.98 vs $14.40 Est., Dividend Hiked to $5.00
- Fed Chair Warsh: 'No Tolerance for Persistently Elevated Inflation'