WS #7960
No material new developments in the last 30 minutes. The dominant stagflation narrative remains unchanged, with no counter-signals or de-escalation detected. The Michigan sentiment miss and Warsh swearing-in continue as the primary signals, but no new data points have emerged to alter the outlook.
Key developments
- University of Michigan Consumer Sentiment Final Reading 44.8 vs 48.2 Forecast, All-Time Low
- Kevin Warsh Sworn In as Fed Chair, Signals Potential Policy Pivot
- Goldman Sachs Shares Hit $1,000 for First Time
- U.S. Awards $2B CHIPS Act Funding for Quantum Computing; IBM Gets $1B
- China CSRC Plans to Eliminate Illegal Cross-Border Securities Trading
- AMD CEO Forecasts >35% Annual CPU Market Growth Over Five Years
- Fed's Waller Says Next Move Could Be Hike, Not Cut, Due to Iran Energy Shock
- Palantir Dips After London Deputy Mayor Blocks $63M Contract