WS #13555
No material new developments in the last 30 minutes. The dominant narratives (Fed hawkishness, Hormuz shipping risk, AI capex concerns) remain unchanged with no new data points or counter-signals.
Topics
Key developments
- Fed holds rates but three dissents signal hawkish tilt, September hike odds rise
- Iran reports explosions near Strait of Hormuz, parliament weighs banning US/Israeli ships
- SpaceX AI capex surge to $18.4B sends stock down 13%, raising AI spending concerns
- Google AI reshuffle: Jeff Dean exits, Hassabis becomes chairman, Alphabet shares fall 4%
- Memory chip shortage persists; SanDisk and Micron trade at 6x forward earnings
- China EV sales decline in July, price war fears intensify