WS #12065
No material new developments in the last 30 minutes. The dominant macro narrative remains the US-Iran conflict and oil market implications, with the Hormuz fee de-escalation and CPI softness already captured. No new counter-signals or non-dominant-narrative developments have emerged.
Topics
Key developments
- Trump drops 20% Strait of Hormuz fee plan, pivots to Gulf investment deals
- IBM stock crashes 25%+ in worst drop in 39 years after Q2 revenue miss
- Lucid shares halved on bankruptcy fears, multiple trading halts
- June CPI drops to 3.5% YoY, first negative monthly print in six years, reducing Fed rate hike odds
- S&P downgrades Oracle to BBB- on AI infrastructure debt and OpenAI concentration risk