WS #9633
No material new developments in the last 30 minutes. The dominant signals from the previous window (SpaceX IPO, Exxon-Woodside M&A, consumer sentiment improvement, Iran deal confusion, ECB hawkishness, Adobe CFO departure) remain unchanged with no new data points or counter-signals. The narrative is stable.
Key developments
- SpaceX IPO indicated to open at $160, 18.5% above IPO price of $135
- Exxon Mobil studies potential takeover of Woodside Energy
- US consumer sentiment rises to 48.9 in June, beating estimates
- Strait of Hormuz flows recovering to ~7M bpd, half of pre-war levels
- ECB's Kazimir warns inflation will force further rate hikes
- Adobe CFO departure triggers multiple analyst downgrades and PT cuts
- Judge indefinitely blocks Trump's $1.8B anti-weaponization fund