WS #12915
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: tech selloff, oil price decline with counter-signals from Iran/Houthi threats, and bipartisan sanctions deal. No new data points to alter the previous assessment.
Topics
Key developments
- Oil drops ~$5/barrel on US-Iran de-escalation hopes, but counter-signals emerge
- Nasdaq 100 slides into correction as global chip stocks sell off
- Apple briefly hits $5 trillion market cap
- Citadel predicts Fed hike Wednesday, contradicting all 104 economists
- US senators reach bipartisan deal on sanctions targeting Russia and Iran, giving Trump tariff authority on oil buyers
- 7.1 magnitude earthquake hits Kumamoto, Japan; explosion at Aeon Mall with fatalities
- CoreWeave shares fall 30% in a month as AI cloud valuations contract
- White House confirms positive meetings with Zelenskyy and Netanyahu