WS #13101
No material new developments in the last 30 minutes. The tech rally narrative from the previous window remains dominant with no new data points or counter-signals. The geopolitical situation (US-Iran) and rate concerns are unchanged from the prior assessment.
Topics
Key developments
- Microsoft surges 16% on Azure growth, easing AI spending fears
- Amazon Q2 revenue beats, AWS growth 37% YoY, stock up 9% after hours
- Apple drops 6% after hours on supply constraints and weaker guidance
- Iran claims ballistic missile strike on Jordan base destroying US F-35s
- Japan intervenes in yen, US Treasury calls yen 'very undervalued'
- Brent crude jumps 6.6% to $89.61 on Hormuz risk and low SPR
- Trump announces Hamas disarmament deal, but hurdles remain