WS #12911
No material new developments in the last 30 minutes. The dominant narrative remains the tech selloff with counter-signals from oil price retreat, Apple's market cap milestone, and crypto ETF launches. No escalation or de-escalation detected.
Topics
Key developments
- Brent crude falls ~8% to $81.34 on US-Iran de-escalation hopes
- Kering Q2 revenue beats estimates, Gucci revenue beats consensus
- Trump expresses frustration with Netanyahu ahead of White House meeting
- Shein reveals FTC investigation ahead of HK IPO
- Nvidia invests $1B in Naver for AI infrastructure buildout
- Semiconductor index SOX enters bear market, down 25% from highs
- Michael Burry posts AI bear case charts, adding to sentiment pressure on semis
- MSFT whale alert: $1M premium in $430 calls ahead of earnings