πŸ“…  Economic Releases

Time (ET)EventImpact
8:30 AMCore CPI m/mHigh
8:30 AMCore CPI y/yHigh
8:30 AMCPI m/mHigh
8:30 AMCPI y/yHigh
10:00 AMFed Chairman Warsh TestifiesHigh
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πŸ“Š  Earnings Today

CompanyWhenEstimate
JPM
JPMorgan Chase & Co.
BMO5.79
EPS Est
BAC
Bank of America Corporation
BMO1.12
EPS Est
GS
The Goldman Sachs Group, Inc.
BMO14.54
EPS Est
WFC
Wells Fargo & Company
BMO1.72
EPS Est
C
Citigroup Inc.
BMO2.71
EPS Est
FAST
Fastenal Company
BMO0.33
EPS Est
ERIC
Telefonaktiebolaget LM Ericsson (publ)
BMO0.11
EPS Est
AEHR
Aehr Test Systems, Inc.
AMC-0.01
EPS Est
KMTS
Kestra Medical Technologies, Ltd.
AMC-0.58
EPS Est
WINA
Winmark Corporation
β€”3.14
EPS Est
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πŸ“ˆ  Premarket Gainers & Losers

β–² Top GainersCompanyChange
TSEMTower Semiconductor Ltd.+18.23%
FCELFuelCell Energy, Inc.+7.08%
ABEOAbeona Therapeutics Inc.+6.99%
PLBLPolibeli Group Ltd+6.21%
SNDKSandisk Corporation+5.53%
AXTIAXT Inc+4.28%
JJacobs Solutions Inc.+4.13%
BRUNBoost Run Inc.+3.78%
VIAVia Transportation, Inc.+3.77%
WDCWestern Digital Corporation+3.68%
β–Ό Top LosersCompanyChange
YHCLQR House Inc.-9.34%
BRAIBraiin Limited-5.91%
LXEOLexeo Therapeutics, Inc.-5.27%
PENGPenguin Solutions, Inc.-4.90%
SLBTSL Science Holding Limited-4.13%
FACFactorial Energy Inc.-3.54%
WSEWise Group plc-3.46%
FNKOFunko, Inc.-3.34%
BLZEBackblaze, Inc.-3.27%
GALTGalectin Therapeutics Inc.-3.04%
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🎯  Gamma Flip Point β€” $SPX (S&P 500 Index)

$SPX gamma flip point is 7517.87

 

πŸ”₯  Hot Market News

Why the birthrate panic has a blind spot

A group of academics, including Nobel laureate Daron Acemoglu, argues that falling birthrates have not hindered economic growth, with findings showing output per employee has increased, as scarcity drives the adoption of labor-saving technologies. This perspective challenges the prevailing pessimism associated with demographic changes and emphasizes the potential for continued innovation and productivity gains despite declining population growth.

Taipeitimes · 5 minute read

Gulf rift forces Wall Street to choose Saudi or UAE as risks rise

Saudi Arabia and the United Arab Emirates (UAE), two oil-rich nations in the Middle East, are splitting over the Iran war and oil policy, forcing Wall Street financial firms that have managed both countries' money to choose sides.

Chosun · 3 minute read

US to take over Strait of Hormuz, charge 20 percent fee for cargo shipped through, Trump says

Donald Trump proposed that countries should pay a fee for the protection of their commercial ships passing through the Strait of Hormuz, a strategic maritime passage critical for global oil shipments.

Politico · 3 minute read

More than 2,700 excess deaths estimated in England and Wales during May and June heatwaves

More than 2,700 people in England and Wales died from heat-related causes during May and June 2026 heatwaves, with 42% of deaths attributed to human-induced climate change that increased temperatures by 3-4Β°C. The events highlight the urgent need for heat adaptation and reducing emissions as the UK faces increasingly frequent and intense heatwaves.

Gov · 5 minute read

Moscow Faces Second Day of Mass Drone Attacks

Moscow is experiencing a second consecutive day of extensive drone attacks, as tensions escalate and targeted defences continue to engage with the unmanned aerial vehicles over the Russian capital.

Luxtimes · 3 minute read

TSMC Reports 36% Sales Growth as AI Demand Stays Strong

Taiwan Semiconductor Manufacturing Co. reported NT$1.27 trillion in revenue for the June quarter, marking a 36% increase in quarterly sales as demand for AI computing supports growth. The company's performance reflects strong partnerships with NVIDIA and Apple, and an active expansion of global AI infrastructure, though capacity challenges remain, and investors await further details in the upcoming earnings report.

Yahoo Finance · 3 minute read

Morgan Stanley’s Wilson Sees Profit Boost for Stocks Beyond Tech

Morgan Stanley strategists indicate that US stocks outside of technology are expected to show strong earnings growth, with the median S&P 1500 constituent generating over 10% earnings-per-share growth. As the second-quarter earnings season begins, analysts project a 23% profit increase for S&P 500 firms, while tech sector strength and AI infrastructure investments remain focal points.

Yahoo Finance · 3 minute read

Apple’s $600 Billion Rally Fueled by Traders Fleeing AI Selloff

Apple Inc. experienced a 15% rally in its stock after a disappointing AI feature presentation, with investors drawn to its steady performance amid concerns over AI spending affecting chipmakers. This recovery added almost $600 billion in market value, making Apple the leading performer among major tech firms despite challenges like rising memory chip prices.

Yahoo Finance · 3 minute read

Europe Risks β€˜Explosive’ Path If It Doesn’t Fix Debts, IMF Warns

The International Monetary Fund cautions that Europe is at risk of a sovereign-debt crisis if long-term spending pressures, such as those from population aging and the energy transition, are not managed. The IMF suggests that without strategic fiscal reforms, public debt could reach unsustainable levels, averaging 130% of GDP by 2040.

Yahoo Finance · 3 minute read

The Kobeissi Letter@KobeissiLetter

Hedge funds are piling into US semiconductor stocks: Last week, hedge funds purchased the most US semiconductor stocks in at least 3.5 years. This follows the 2 largest consecutive weekly sales since June 2024. As a result, semiconductor stocks now account for 10% of total hedge fund exposure. This percentage is twice as high as during the same period last year. However, this remains below the peak of 14% recorded in May. Hedge funds are betting the semiconductor selloff is already over.

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Azeem Azhar@azeem

The GenAI economy has generated $110 billion in sales over the past 12 months. It is growing fast. On an annualized basis, the revenue run rate exceeds $175 billion. These numbers took us several months to construct, and as far as we know, it’s the first bottom-up, deduplicated measure of consumer and enterprise AI spending across the full stack. We are releasing this research today in our first The State of the AI Economy report. https://intelligence.exponentialview.co/

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Daily Chartbook@dailychartbook

"Memory investors have been trained over four decades to look out for the extreme cycles." @ExponentialView

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ISABELNET@ISABELNET_SA

πŸ‡ΊπŸ‡Έ EPS Wall Street is betting on a strong earnings tailwind, with S&P 500 profits forecast to rise 25% in 2026 and 16% in 2027. Small caps could do even better, with 39% growth this year and 42% next year πŸ‘‰ https://www.isabelnet.com/blog/ @GoldmanSachs $spx #spx #sp500 #earnings #EPS

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Kevin Gordon@KevRGordon

Neil Dutta at @RenMacLLC: β€œβ€¦the US economy is operating much closer to the Fed’s growth and employment objectives than it is the Fed’s inflation objectives. Thus, based on how the rhetoric has shifted on the FOMC, I think the bar to a rate hike is relatively low”

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Daniel Lacalle@dlacalle_IA

After Iraq, Saudi, UAE and Oman alternatives, Dubai. Bravo.

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Hedgeye@Hedgeye

Inflation expectations are crashing

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Hedgeye@Hedgeye

JUST IN: U.S. home prices hit all-time high

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Hedgeye@Hedgeye

Net foreign inflows into U.S. equities hits record high

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Exencial Research Partners@exencial_RP

Japan Runs Out of People, One Industry at a Time Autos must triple their foreign workforce share to 27% by 2040 just to hold output flat. Farm production value halves by 2050. A third of domestic freight goes unshipped by 2030. This is not one labour shortage. It is an economy running down its headcount sector by sector. The shortage that automation can't paper over. Japan already runs more than three times the global robot density and it has not solved the labour gap, because the missing workers are drivers, farmers and carers, not assembly-line hands. The read is that the demographic squeeze is a services and blue-collar problem, and capex on factory robots is the wrong tool for most of it.

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Charlie Bilello@charliebilello

S&P 500 earnings are now expected to increase by 24% this year. We've never seen earnings growth this high outside of post-recessionary rebounds. An unprecedented boom fueled by massive EPS gains in big tech. Video: https://www.youtube.com/watch?v=6Spz0WNPDx0&t=30s

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Brad Setser@Brad_Setser

You can sort of see why folks talk about a China shock - Very clear swing in Europe's trade balance in autos, engines and batteries with China The first inflection point isn't the pandemic but rather the summer of 21, the second is in 2024 ... 1/

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Daniel Lacalle@dlacalle_IA

The digital euro is not innovation, it’s infrastructure for control β€” programmable money, political surveillance, and the end of financial privacy in the EU. Read why this β€œcashless utopia” is a blueprint for Big Brother banking β€” and what it means for your savings, your data

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πŸ’±  Forex & Commodities

Copper Rises as Supply Tightness Outweighs Middle East Tensions

Copper prices have risen by 0.4% to $13,541 per metric ton due to tight supply conditions in China, as major mines face disruptions, while geopolitical tensions between the U.S. and Iran have led to the closure of the Strait of Hormuz, impacting global energy markets.

Cryptobriefing · 2 minute read

Apollo Economist Warns of U.S. Dollar Vulnerability Amid AI Investment Concerns

Torsten Slok, Apollo Global Management's chief economist, has expressed concerns that the U.S. dollar may be vulnerable if AI investment returns are slower than expected, potentially leading to a U.S. market recession and impacting tech stocks like Nvidia, Microsoft, and Apple.

Cryptobriefing · 2 minute read

How Much Will Oil Prices Spike in a Hot War?

Iran has been exporting record amounts of oil since the US lifted a blockade nearly a month ago, providing the regime with much-needed cash. The article argues for reinstating the blockade to disrupt Iran's economy, with a potential cap on oil prices around $125 per Brent barrel, factoring in strategic reserves and market adaptations.

Substack · 6 minute read

Hedgeye@Hedgeye

JUST IN: Gold falls below $4,000/oz

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ISABELNET@ISABELNET_SA

πŸ‡ΊπŸ‡Έ Dollar On key valuation metrics, the US dollar is still rich. That leaves little room for a sustained rally, especially as foreign demand has cooled since Liberation Day and valuations are already at the top of the range πŸ‘‰ https://www.isabelnet.com/blog/ @dailychartbook @TS_Lombard

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Otavio (Tavi) Costa@TaviCosta

I'll tell you something most investors don't know: Latin American currencies have been among the only currencies in the world to outperform the US dollar, aside from Argentina and Chile. Not only did they beat the dollar, they also outperformed the currencies of virtually every major developed economy and emerging markets. That is not a coincidence. I believe we're witnessing the early stages of a new Latin America cycle. https://tavicosta.substack.com/p/the-latam-reawakening

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Otavio (Tavi) Costa@TaviCosta

Ignore the daily geopolitical noise. The chart below is the only one that really matters this weekend. Act accordingly. https://open.substack.com/pub/tavicosta/p/a-rare-opportunity?r=2m39jp&utm_medium=ios

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Javier Blas@JavierBlas

CHART OF THE DAY: The history of China's consumption of fossil fuels, from 1965 to 2025. Although as a share of total energy, fossil fuels has seen a decline, in absolute terms (in tonnes of coal, barrels of oil, and cubic meters of gas) demand set an all-time high last year.

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πŸͺ™  Crypto News / Prediction Markets / AI

OpenAI, Meta, SpaceXAI compete for more cost-efficient AI models

OpenAI, SpaceXAI, and Meta have each released new AI models that promise greater cost-efficiency, as business customers become more cautious about AI spending. This shift comes after some companies faced unexpectedly high AI costs with usage-based pricing models, leading to increased scrutiny on cost-effectiveness and the value obtained from AI investments.

Com · 4 minute read

Bitcoin weakens as oil-price spike revives inflation concerns

The original cryptocurrency fell as much as 2.4% to US$62,600 as of 12.45pm in Singapore. The move took bitcoin back below its 200-week moving average, a technical level that can signal a prolonged bear market. The second-largest token Ether slid 2.5%.

Theedgesingapore · 3 minute read

Wall Street Mounts Pushback on Trillion-Dollar Stablecoin Boom

A group of major banks, including JPMorgan, Bank of America, and HSBC, have announced plans to create a shared network for tokenized bank deposits using blockchain technology as a competitive response to the growing use of stablecoins in digital payments. This initiative, managed by The Clearing House, aims to address the increasing integration of stablecoins in financial transactions, a trend that has seen transaction volumes jump significantly.

Yahoo Finance · 2 minute read

Analysts Suggest Bitcoin Market May Be Stabilizing as Panic Selling Eases

Bitcoin has maintained its price above $62,000 despite geopolitical tensions, with net inflows into U.S. spot Bitcoin ETFs reaching $197.4 million last week, potentially signaling an end to months of panic selling; however, the current rebound is driven by derivatives, with spot buying still weak.

Kucoin · 2 minute read

Robinhood Chain's Early Momentum Is Being Driven By Meme Coins, Not Tokenized Stocks

Robinhood's newly launched blockchain, Robinhood Chain, initially intended for trading tokenized company assets, has seen a surge in meme coin activity, leading to $3.1 billion in trading volume. Analysts noted that meme coins like Cash Cat have gained popularity despite Robinhood's focus on real-world asset tokenization, with the platform becoming a top-five destination for on-chain trading.

Yahoo Finance · 3 minute read

The Kobeissi Letter@KobeissiLetter

Crypto funds are showing their first signs of a recovery: Crypto ETFs attracted +$281.8 million in inflows last week, the first weekly inflow since the 2nd week of May. Bitcoin funds posted +$197.4 million in inflows, while Ethereum funds attracted +$84.4 million. This also marks the end of an 8-week streak of outflows, totaling more than -$7 billion. As a result, trailing 12-month inflows are down to +$1 billion, from +$10 billion in late April. By comparison, inflows peaked at +$12 billion in October 2025. Buyers are beginning to return to the crypto market.

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Watcher.Guru@WatcherGuru

JUST IN: πŸ‡ΊπŸ‡ΈπŸ‡¨πŸ‡³ President Trump says China wants to take "complete and total control" of crypto and AI.

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Watcher.Guru@WatcherGuru

JUST IN: πŸ‡¬πŸ‡§ BlackRock, JPMorgan, Goldman Sachs, Coinbase and 50 other firms partner to develop tokenization use cases across the UK.

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πŸ› οΈ  Free Market Tools

Market Heatmap

Visual S&P 500 treemap

Pre-Market Gappers

Biggest pre-market movers

Dark Pool Activity

Off-exchange trade flow

Gamma Exposure

Options dealer positioning

Earnings Calendar

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