tech tumbles: bright spots for banks and healthcare
🌐 Sector OverviewThe latest stock market heatmap reveals a challenging day for the Technology sector, particularly in semiconductors and software infrastructure. Micron…
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Israel-Lebanon meeting hits dead end as Israel insists on occupation
There are some modest bids in oil creeping in after an Al Arabiya report on negotiations between Israel and Lebanon.The report says…
1 min readRupee set to rally at open as oil slides below pre-Iran war levels, bucking Asia weakness
The Indian rupee is expected to open firmer in the 94.25-94.30 range as Brent crude slides below pre-Iran war levels, with RBI…
3 min readAustralia jobs bounce masks part-time tilt and April revision as RBA August hold holds
The April revision from minus 18,600 to minus 40,700 is the number that reframes the entire report. The two-month average across April…
4 min readBessent Greenspan "tap the brakes" remark read as green light for Warsh hike in September
A September Fed hike would be the first in three years and would represent a complete inversion of the rate path markets…
3 min readAustralian May unemployment rate 4.4% (expected 4.4%, prior 4.5%)
A solid bounce back for jobs, albeit the bulk are part-time and not full-time. Jobless rate in line and down from April,…
1 min readIran's IRGC warns ships face action for using Hormuz routes not cleared with Tehran
This is a direct escalation of Iran's posture on Hormuz transit and will immediately raise risk premiums on tanker freight rates and…
3 min readUS May new home sales 580K vs 639K expected
SaPrior was 622KNew home sales change -7.3% vs -6.2% priorSales 6.8% below the May 2025 level of 622,000This is a terrible report…
2 min readThe S&P buyers are trying to hold support. Nasdaq sellers are more in control.
The buyers and sellers in the broader S&P 500 and Nasdaq indices are sparring for control as another wall of worry begins…
1 min readThe fall below $70 oil is one of the most-confounding market moves ever
There is an entire class of people who spend their careers counting barrels of oil. Oftentimes they're compelling and they highlight unusual…
2 min read