WS #9071
No material new developments in the last 30 minutes. The previous synthesis remains current: strong jobs data, rate repricing, geopolitical tensions, and tech selloff continue to dominate. No counter-signals or de-escalation observed.
Key developments
- May NFP +172K vs +85-88K est., jobless rate 4.3%, upward revisions; 2Y UST 4.16%, gold crashes to $4,350
- Iran fired at US destroyers in Persian Gulf; US issues new Iran-related sanctions; OPEC output at decades low
- Putin at SPIEF: no reason to meet Zelenskiy, peace talks stalled
- Chips sell-off threatens Wall Street's winning streak; NVDA down 10% from Wednesday high
- Citi's Bear Market Checklist hits highest since 2008 financial crisis
- US, Mexico, Canada to miss July USMCA date, ramping up trade tension
- New York lawmakers pass one-year ban on new large data centers
- SpaceX IPO oversubscribed but S&P 500 denies fast-track inclusion