WS #8931
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran military escalation and its second-order effects on energy, airlines, and defense. No counter-signals or de-escalation observed. The tech and crypto narratives are unchanged from the previous window.
Key developments
- Iran claims strike on US destroyer command center in Gulf of Oman; oil surges
- Fed's Logan: increasingly concerned higher rates may be necessary later this year
- May ISM Services PMI beats at 54.5 vs 53.8 expected; prices paid rise to 71.3
- Nvidia director sells 15,500 shares worth ~$3.34M
- Alphabet raises record $85B in stock sale for AI investment; Berkshire buys $10B
- Monterey Park, CA permanently bans datacenters via ballot initiative
- Iran drone strikes on Kuwait airport kill one, injure dozens
- Bitcoin falls to $65k; Bloomberg's McGlone warns next stop $50k