WS #12049
No material new developments in the last 30 minutes. The dominant signals from the previous window (IBM earnings miss, Strait of Hormuz escalation, CPI print, bank earnings) remain unchanged with no new data points or counter-signals. The narrative arc is STABLE.
Topics
Key developments
- IBM plunges ~24% after preliminary Q2 revenue miss; customers shift spending to chips and servers
- Trump announces 20% toll on Strait of Hormuz cargo; White House says he is 'very serious'
- June CPI falls to 3.5% YoY, first decline in six years; core gauge flat
- New York enacts one-year moratorium on hyperscale datacenters
- Apple sues OpenAI over alleged theft of hardware engineers