WS #7956
No material new developments in the last 30 minutes. The dominant stagflation narrative from the University of Michigan consumer sentiment data remains unchanged, and the Iran/Strait of Hormuz situation is stable with no new escalation or de-escalation signals. Intel's potential Tenstorrent acquisition and Dell's AI server demand are ongoing but unchanged. No counter-signals or new data points to report.
Key developments
- University of Michigan Consumer Sentiment Final May Plunges to Record Low 44.8, Inflation Expectations Surge
- Fed's Waller Signals No Near-Term Rate Cut, Cites Rising Inflation Expectations
- Strait of Hormuz Remains Shut; Brent Over $103; CENTCOM Reports 97 Vessels Redirected
- Intel Joins Race to Buy AI Startup Tenstorrent, Bolstering AI Chip Sector
- Dell Technologies Surges to $175B Market Cap on AI Server Demand
- US Leading Economic Index Rises 0.1% in April, Beating Expectations