WS #12054
No genuinely new material developments detected in the last 30 minutes. The dominant signals from the previous window—Strait of Hormuz de-escalation, IBM earnings warning, Hochul data center moratorium, Warsh testimony, geopolitical tensions in the Middle East, JPMorgan beat, AMD upgrades, and cooler CPI—remain unchanged with no new data points or counter-signals. The narrative arc is STABLE.
Topics
Key developments
- Trump scraps 20% Hormuz cargo fee, replaces with Gulf investment deals
- IBM plunges ~23% premarket on Q2 earnings warning, drags Microsoft
- Fed Chair Warsh: doubling down on 2% inflation target, Fed independence sacrosanct
- Ballistic missiles hit US base in Jordan; Kuwait intercepts aerial targets
- JPMorgan beats Q2 estimates: EPS $7.70 vs $5.80, revenue $57.35B
- AMD surges 4% on multiple analyst upgrades citing AI GPU demand
- June CPI 3.5% YoY vs 3.8% consensus, boosting risk assets
- Houthis announce air blockade of Saudi airspace