WS #12041
No material new developments in the last 30 minutes. The dominant narratives from the previous synthesis (IBM earnings miss, softer CPI, US-Iran tensions, bank earnings) remain unchanged with no new data points or counter-signals to report.
Topics
Key developments
- IBM shares crater 17-25% after Q2 earnings warning, clients shift IT budgets to AI hardware
- June CPI softer than expected, Fed rate hike odds plummet to 8%
- US-Iran tensions escalate: third day of US strikes, Trump proposes 20% toll on Strait of Hormuz shipping
- JPMorgan Q2 net revenue +28% Y/Y to $57.3B, net income +41% Y/Y; Goldman Sachs record stock-trading results