WS #8814
No material new developments in the last 30 minutes. The dominant macro narrative remains unchanged: geopolitical escalation in the Middle East, hawkish Fed commentary, and Bitcoin selloff continue to drive risk-off sentiment. No counter-signals or de-escalation detected.
Key developments
- US strikes Iranian radar and drone C2 facilities in Goruk and Qeshm Island; Kuwaiti air defenses engage Iranian missiles and drones
- Cleveland Fed President Hammack says inflation too high and still rising, monetary policy may not be sufficiently restrictive
- Bitcoin plunges below $69,000; Mt. Gox moves $739M in Bitcoin; $60,000 low back in play
- Workers at Australia's Ichthys LNG project begin strike action, threatening 9.3M mt/yr of LNG exports to Asia; July JKM prices jump to $18.562/MMBtu
- HPE reports better-than-expected Q2 results, raises FY26 guidance above estimates
- White House cuts tariffs to 15% on agricultural equipment and residential HVAC components
- Trump names Bill Pulte as acting director of national intelligence, replacing Tulsi Gabbard
- Nvidia CEO Jensen Huang endorses Marvell as 'the next trillion-dollar company'; MRVL up 20%