WS #12086
The dominant narrative remains the US-Iran escalation, with no new developments in the last 30 minutes that materially alter the situation. The Pentair guidance cut, IBM profit warning, and CPI data are already captured in the previous synthesis. No counter-signals or de-escalation signals have emerged. The narrative is STABLE with no new actionable information.
Topics
Key developments
- US-Iran hostilities escalate: US airstrikes, Iranian drone strikes on Jordan base, explosions in Bandar Abbas, bulk carrier sunk in Strait of Hormuz
- Pentair (PNR) slashes Q2 and FY2026 guidance well below estimates, CFO resigns
- June CPI falls 0.4% MoM, core flat; Fed rate hike probability drops to 17%
- IBM preliminary Q2 miss: revenue $17.2B, adj EPS $2.93; stock -25%