WS #7958
No material new developments in the last 30 minutes. The stagflation narrative from the University of Michigan consumer sentiment data remains the dominant signal, with no counter-signals or de-escalation. The Iran situation is stable, and no new data points have emerged to change the outlook.
Key developments
- University of Michigan Consumer Sentiment Index falls to record low 44.8
- GameStop board asks shareholders to increase share count to 2.5B
- Dell Technologies price target raised to $270 by Wells Fargo, stock surges 5%
- Putin escalates rhetoric over Luhansk drone attack, asks for retaliation options
- Meta quietly launches Reddit-like app Forum