WS #12133

The data dump is dominated by noise: Polymarket sports bets, routine earnings previews, and non-market news. The key signal is the ongoing Fed Chair Warsh hearing, where he stated his focus is on the real economy and that AI-related capex has alternative uses, which could dampen the AI narrative. Additionally, IBM's 25% stock crash after a Q2 warning is a major negative signal for the tech sector, particularly for legacy tech. Cross-source corroboration exists for the Warsh comments (pro-wire, Bluesky) and IBM crash (multiple Bluesky posts). Anthropic planning IPO investor meetings is a medium signal for the AI IPO pipeline. The EU failing to agree on new Russia sanctions and keeping oil price cap unchanged is a neutral-to-bearish signal for energy markets. The US-Iran conflict continues with airstrikes and Strait of Hormuz tensions, but no new escalation beyond ongoing. Overall, the dominant theme is tech sector weakness (IBM) and Fed messaging that may reduce AI exuberance, while geopolitical tensions remain stable.