WS #12137
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: tech selloff, energy spike, and hawkish Fed. No counter-signals or de-escalation detected.
Topics
Key developments
- U.S.-Iran ceasefire collapses; U.S. reimposes naval blockade and 20% fee on Strait of Hormuz cargo; Brent crude surges 10% to $83
- Fed's Cook warns inflation risks persist from tariffs, Middle East conflict, and AI investment; prepared to act if disinflation does not occur soon
- Memory-chip selloff deepens: SanDisk -13%, Micron -10%, IBM -25% on AI capex cannibalization fears
- Apple surges 4% to fresh high after Apple Intelligence receives regulatory approval in China; Alibaba and Baidu as partners
- PayPal rips 16% higher on $53B take-private bid from Stripe and Advent at $60.50/share; Michael Burry calls bid too low
- Bank of Canada holds rate at 2.25%, removes language suggesting consecutive cuts, signaling potential pause