WS #7414
No material new developments in the last 30 minutes. The dominant macro theme remains the Iran conflict and its impact on energy markets, with oil prices surging and bond yields rising. No counter-signals or de-escalation detected. The narrative arc is STABLE.
Key developments
- Israel strikes Hamas military leader in Gaza, escalating geopolitical risk
- India raises duties on diesel, petrol, and ATF exports, tightening refined product supply
- Semiconductor stocks sell off sharply; NVDA -3.52%, MU -5.67%, AMD -4.07%, INTC -6.46%
- Global bond selloff halts stock rally; 30-year yield nears 2007 highs
- Trump purchased up to $1M of NVDA stock on Jan 6, week before Commerce approved Nvidia chip sales to China
- Xi Jinping to pay state visit to US this fall; Boeing gets China deal during Trump's visit
- Cerebras IPO raises $5.5B, stock pops 108% on debut
- DRAM ETF hits $9.8B in assets, fastest ETF growth ever