WS #8799
The dominant signal in this window is the escalation of the Russia-Ukraine conflict, with a massive overnight missile and drone attack on Ukraine involving 729 aerial targets, cutting power to 140,000 Kyiv residents, and a missile strike on Dnipro killing 7. This is corroborated by multiple sources (BSKY, Reuters). The Iran war narrative remains stable with no new de-escalation, as Trump stated he 'couldn't care less' about peace talks. On the corporate front, Anthropic's confidential IPO filing is a high-significance development for AI sector sentiment, with Jim Cramer and Daniel Newman commenting. STMicroelectronics raised its data center revenue ambition to ~$1B in 2026, signaling continued AI infrastructure demand. Bitcoin is under pressure from Strategy's (formerly MicroStrategy) BTC sale, with prices sliding toward $70,000. UBS warned AI-driven disruption could push private credit defaults to 10%, a bearish signal for financials. Global funds pulled out a decade's worth of India equity inflows, a bearish EM signal. The prevailing macro narrative is stable: Iran war and Ukraine escalation persist without counter-signals.
Key developments
- Russia launches massive overnight attack on Ukraine with 729 aerial targets, power cut to 140,000 Kyiv residents
- Anthropic files confidential IPO paperwork, analysts call it 'trillion-dollar IPO' for 2026
- STMicroelectronics raises data center revenue ambition to ~$1B in 2026, doubling prior guidance
- Strategy sold Bitcoin in late May, pressuring BTC toward $70,000
- UBS warns AI-driven disruption could push private credit defaults to 10%
- Global funds pull out a decade's worth of India equity inflows