WS #5916
The dominant signal in this window is the escalating Iran-US conflict, with new threats from Iran's parliament speaker warning investors to exit US assets and reports of Indian workers returning home as the Gulf economy reels. The US DOJ ended its investigation into Fed Chair Powell, clearing the path for Kevin Warsh's confirmation, which is a significant macro development. Silver is showing a bullish breakout pattern with a large premium on SHFE vs COMEX, suggesting potential volatility. The SOXX semiconductor index extended its winning streak to 18 days, driven by strong Intel earnings, indicating continued tech sector strength. The Iran crisis is escalating with new threats to US asset holders, while the Fed leadership transition is de-escalating a key political risk.
Key developments
- Iran warns investors to exit US assets as Strait of Hormuz crisis deepens
- DOJ ends investigation into Fed Chair Powell, clearing path for Warsh confirmation
- Silver rebounds above $76 with CME margin cuts and large SHFE premium
- SOXX extends winning streak to 18 days on strong Intel earnings