π Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:30 AM | Core CPI m/m | High |
| 8:30 AM | Core CPI y/y | High |
| 8:30 AM | CPI m/m | High |
| 8:30 AM | CPI y/y | High |
| 10:00 AM | Fed Chairman Warsh Testifies | High |
π Earnings Today
π Premarket Gainers & Losers
π― Gamma Flip Point β $SPX (S&P 500 Index)
$SPX gamma flip point is 7517.87 |
π₯ 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| Morgan Stanleyβs 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.
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| Appleβs $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.
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| Europe Risks βExplosiveβ Path If It Doesnβt 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.
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π± 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.
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| 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.
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| 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.
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πͺ 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.
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| 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%.
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| 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.
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| 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.
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| 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.
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π οΈ Free Market Tools
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