WS #12941
No material new developments in the last 30 minutes. The previous synthesis remains current: geopolitical tensions in the Middle East/Caspian, Fed decision looming, semiconductor selloff with Teradyne as a counter-signal, and bearish crude inventory build. No new data points to alter the narrative.
Topics
Key developments
- Ukraine strikes Russian warships in Caspian Sea, kills Iranian sailor; Kyiv warns Iran against escalation
- Saudi Arabia intercepts drones targeting oil facilities, blames Iran-backed militias in Iraq
- Teradyne Q2 earnings beat and strong Q3 guidance; stock surges 14.6% after-market
- Fed futures positioning at all-time high as traders brace for rate hike at Wednesday meeting
- US crude inventories build 3.296M barrels vs 2.5M draw expected (API data)
- Nasdaq-100 near correction territory; semiconductor stocks continue to slide (SanDisk -14%, Micron -8.85%, AMD -8.15%)