WS #10533
The dominant narrative from the previous window (semiconductor selloff, IBM surge, dollar strength) remains unchanged with no new data points. No material new developments have emerged in the last 30 minutes that would alter the market outlook. The semiconductor selloff continues to be the primary signal, but no escalation or counter-signal has been detected.
Topics
Key developments
- Semiconductor bloodbath deepens: MU down ~9.9%, chip complex down 5-20%
- Dollar jumps to highest since November on Fed rate hike bets
- Institutional de-risking: 2M shares of ARKK traded in dark pool at $77.27 ($154.54M)
- Meta building prediction markets app 'Arena', DraftKings and Flutter fall ~2%
- European heatwave drives electricity prices to multi-year highs
- SpaceX $25B bond offering attracts ~$90B in orders
- AbbVie to acquire Apogee Therapeutics for $10.9B in immunology deal
- Tesla under NHTSA automated driving probe