WS #12226
The dominant signal in this window is the continued escalation of the US-Iran conflict, with a fifth consecutive night of US strikes on Iranian cities including Ahvaz, Bandar Abbas, and Bushehr, and Iran retaliating against US allies in Kuwait and Jordan. This is keeping oil supply risks elevated, with Brent crude near $84/bbl and European gas prices rising to €55/MWh. The tech selloff is deepening, with GOOGL down ~4.4% on confirmed Gemini 3.5 Pro delays, dragging down the broader AI and semiconductor complex (NVDA -2.9%, AMD -6.1%). A counter-signal emerges: TSMC announced an additional $100B US investment, though its stock slipped 3% on valuation concerns. Dallas Fed President Logan called for 'modestly' higher interest rates, a hawkish surprise that could pressure growth stocks further. The prevailing narrative is tech selloff (ESCALATING) and geopolitical risk (ESCALATING).
Topics
Key developments
- US launches fifth consecutive night of strikes on Iran, hitting multiple cities including Ahvaz, Bandar Abbas, Bushehr
- Alphabet (GOOGL) shares fall ~4.4% on confirmed delay of Gemini 3.5 Pro, dragging down AI and semiconductor stocks
- Dallas Fed President Logan calls for 'modestly' higher interest rates, a hawkish surprise
- TSMC pledges additional $100B US investment, largest FDI in US history, but stock slips 3%