WS #9852
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran peace deal driving risk-on rotation out of energy into tech and airlines, with the counter-signal of slow oil supply return and lingering geopolitical tensions. No new data points or counter-signals have emerged to alter this picture.
Key developments
- US-Iran peace deal triggers risk-on rotation: Dow +600, oil plunges, but mine-clearing may take 40-50 days
- SpaceX IPO greenshoe exercised, total raised $85.7B
- Israeli drone strike kills driver in south Lebanon; Russia strikes Kyiv monastery
- Bitcoin rebounds to $66K as oil falls, ETF inflows return; Standard Chartered calls 'crypto spring'
- Nuvei to acquire Payoneer for $2.75B; AmEx buys TheFork for $700M
- NY Empire State Manufacturing Index misses sharply: 5.7 vs 13.5 expected
- US manufacturing production stalled in May due to Iran war supply chain disruptions
- Homebuilder sentiment falls more than expected in June