📅  Economic Releases

Time (ET)EventImpact
8:30 AMEmpire State Manufacturing IndexLow
9:15 AMCapacity Utilization RateLow
9:15 AMIndustrial Production m/mLow
10:00 AMNAHB Housing Market IndexLow
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📊  Earnings Today

CompanyWhenEstimate
WLY
John Wiley & Sons, Inc.
BMO1.65
EPS Est
LZB
La-Z-Boy Incorporated
AMC0.82
EPS Est
AIOT
PowerFleet, Inc.
BMO0.02
EPS Est
WDH
Waterdrop Inc.
BMO
EPS Est
PLAY
Dave & Buster's Entertainment, Inc.
AMC1.01
EPS Est
CGC
Canopy Growth Corporation
BMO-0.03
EPS Est
UXIN
Uxin Limited
BMO
EPS Est
HITI
High Tide Inc.
AMC-0.04
EPS Est
RFIL
RF Industries, Ltd.
AMC0.09
EPS Est
QMCO
Quantum Corporation
AMC-0.30
EPS Est
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📈  Premarket Gainers & Losers

▲ Top GainersCompanyChange
RZLVRezolve AI PLC+8.30%
YEXTYext, Inc.+8.20%
AKTSAktis Oncology, Inc.+7.91%
ZSQRZ Squared Inc.+7.80%
BKKTBakkt, Inc.+7.66%
STTKShattuck Labs, Inc.+7.18%
FAFirst Advantage Corporation+7.01%
TENXTenax Therapeutics, Inc.+6.34%
ODTXOdyssey Therapeutics, Inc.+6.19%
VIAVia Transportation, Inc.+5.96%
▼ Top LosersCompanyChange
VRXAVeraxa Biotech AG-18.52%
MBXMBX Biosciences, Inc.-14.09%
SPCEVirgin Galactic Holdings, Inc.-12.77%
VELOVelo3D, Inc.-11.73%
ALMRAlamar Biosciences, Inc.-9.87%
RRRichtech Robotics Inc.-7.83%
NAVNNavan, Inc.-7.60%
ADBEAdobe Inc.-7.54%
DMACDiaMedica Therapeutics Inc.-6.59%
INSWInternational Seaways, Inc.-6.36%
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🎯  Gamma Flip Point — $SPX (S&P 500 Index)

$SPX gamma flip point is 7438.1

 

🔥  Hot Market News

Peace deal between US and Iran announced, with strait of Hormuz expected to reopen

The US and Iran have reached a peace deal to end nearly four months of conflict, with the agreement including the reopening of the Strait of Hormuz and lifting naval blockades following Israeli strikes on Lebanon. A signing ceremony is expected to take place in Geneva, while further negotiations will address Iran’s nuclear program.

The Guardian · 6 minute read

UK, France, Germany, Italy ready to lift Iran sanctions after US-Iran deal, say Iran can never get bomb

The UK, France, Germany, and Italy have expressed their readiness to lift sanctions on Iran following a new deal between the US and Iran, emphasizing their stance that Iran should never acquire nuclear weapons.

Timesofisrael · 3 minute read

Asia Pacific Stock Markets Surge Following US-Iran Peace Deal Announcement

Stock markets in the Asia Pacific region jumped significantly following the announcement of a framework to end the United States-Israel war on Iran. This included a 5.5% rise in Japan’s Nikkei 225 and a 5.7% increase in South Korea’s Kospi, while the agreement aims to open the Strait of Hormuz, affecting global oil flows and easing energy markets.

Aljazeera · 4 minute read

Elliott takes nearly 5% stake in UK distributor Bunzl

Activist investor Elliott Investment Management has acquired nearly a 5% stake in Bunzl and is advocating for a share buyback worth up to 10% of the company's market value, along with a strategic review of its North American operations, where over half of its revenue originates.

Globalbankingandfinance · 3 minute read

US Bars Foreign Access to Anthropic’s AI Models Amid Security Concerns

The US government has ordered AI startup Anthropic PBC to disable foreign access to its most advanced AI models following concerns that the Fable 5 model could be 'jailbroken.' This decision marks a significant government intervention in AI operations, as it raises security concerns and suggests increased regulatory control over AI developers like Anthropic.

Yahoo Finance · 3 minute read

The Kobeissi Letter@KobeissiLetter

Americans can't find jobs. The number of Americans not in the labor force who currently want a job rose +76,000 in May, to 6.2 million, the 3rd-highest since July 2021. These are people who are not officially part of the labor force, meaning they are not actively looking for work, but say they want a job. This marks the 4th consecutive monthly increase, totaling +349,000. Since March 2023, this figure has surged by +1.2 million people and is now above 2008 Financial Crisis levels. As a % of total employment, this metric is up to 3.8%, the 2nd-highest since October 2021. By comparison, the 2001 recession and the 2008 peaks were 3.6% and 4.3%. Labor market conditions are deteriorating beneath the surface.

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unusual_whales@unusual_whales

Netanyahu informed Trump that Israel is not bound by the Lebanon clause in the agreement, per Israel media

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World of Statistics@stats_feed

China alone accounts for nearly 50% of all cigarettes consumed in the world.

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Daily Chartbook@dailychartbook

Anthropic and OpenAI's "revenues are growing faster than those of the next 32 large AI startups combined." @steph_palazzolo @amir

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Thorsten Froehlich@FroehlichThors1

Within 15 years - China’s population will shrink by the equivalent of ca. 1/3 of Europe’s population - probably those real estate prices will never recover.

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Robert Armstrong@rbrtrmstrng

Wall Street consensus estimates for hyperscaler free cash flow. Provides a good snapshot of where the market's head is at, I think:

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Hedgeye@Hedgeye

Cybersecurity stocks are up +29.5% YTD while software has barely broken even We remain long in $BUG terms.

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Mike Zaccardi, CFA, CMT 🍖@MikeZaccardi

GS: The AI capex boom has lifted semiconductor profitability but will be an increasing headwind to mega-cap tech ROE going forward. Semiconductor margins have climbed to a record high $SMH

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💱  Forex & Commodities

Speculators Increase Yen Bets as Carry Trade Revives

Speculators have raised their bets against the yen to a high not seen in nine years, as leveraged funds increased bearish positions to over 115,000 contracts, amid the yen's decline and potential rate hikes by the Bank of Japan.

Co · 2 minute read

Gold Jumps 2% Above $4,300 as US-Iran Peace Deal Eases Inflation Fears

Gold prices rose by 2% to surpass $4,300 as a peace deal between the US and Iran helped alleviate concerns over inflation.

Com · 3 minute read

Geopolitics: US-Iran Deal May Lift Chinese Oil Demand, Add to Global Inflation Pressure

A potential US-Iran deal could increase Chinese demand for oil, potentially exacerbating global inflation pressures according to Bloomberg Economics.

Binance · 3 minute read

US-Iran deal lowers grain prices by easing Hormuz tensions, impacts food inflation, fertiliser costs

A recent deal between the US and Iran has reduced tensions in the Strait of Hormuz, leading to lower grain prices, which in turn affects food inflation and reduces fertiliser costs in the agriculture markets.

Firstpost · 3 minute read

Traders are most positive on US dollar since February 2025

Traders have become increasingly optimistic about the US dollar, accumulating US$27.8 billion in bets on its strength amid the Middle East conflict and rising oil prices. The US dollar has recently increased by about 1.6% following military actions involving the US, Israel, and Iran, as investors seek the currency as a safe haven.

Com · 2 minute read

Barchart@Barchart

Gold has overtaken U.S. Treasuries as the World's Top Reserve Asset 🤯👀

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Robin Brooks@robin_j_brooks

Those who've pushed $150 or $200 oil forecasts are now busy inventing bad excuses to cover their tracks. The favorite excuse is China capped oil by importing less. That's nonsense. China stabilizes nothing. Just look at all its transshipments to Russia... https://robinjbrooks.substack.com/p/the-russia-china-axis

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Hedgeye@Hedgeye

Copper closed at a weekly all-time high

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Otavio (Tavi) Costa@TaviCosta

Better businesses at lower prices. One of the biggest mistakes investors make is allowing price action to dictate their view of fundamentals rather than the other way around. Even after the recent pullback in metal prices, miners continue to generate margins that would have seemed extraordinary just a few years ago. Yet many of these companies are trading as if the economics of the business have materially deteriorated. They haven't. https://tavicosta.substack.com/p/follow-the-cash-flow

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🪙  Crypto News

China develops digital payments system to challenge US dollar dominance

The People's Bank of China will implement a framework upgrade for the digital yuan by January 2026, transforming it into an interest-bearing deposit system. This move is part of China's strategy to diminish the dollar's dominance in global payments, with plans to expand cross-border capabilities and involve more financial institutions in managing the e-CNY.

Cryptobriefing · 3 minute read

Crypto token’s 50% wipeout shows magnitude of AI-hacking threat

A security researcher used Anthropic’s Claude Opus 4.8 AI to identify a critical vulnerability in Zcash, a privacy-focused cryptocurrency, that had gone undetected for over four years, causing its token value to drop by about 50% after the flaw's disclosure.

Co · 2 minute read

Bitcoin Rises to $65,590 as Peace Deal with Iran Impacts Market Dynamics

Bitcoin's price increased by 4% following a peace deal with Iran, but institutional demand remains low, with spot Bitcoin ETF outflows continuing. Meanwhile, Bitcoin mining difficulty dropped by 10% due to power capacity being redirected to AI, and the macroeconomic factors remain uncertain with rising CPI and an upcoming Federal Reserve meeting.

Blockhead · 3 minute read

Daily Chartbook@dailychartbook

YTD flows for $IBIT, the largest spot BTC ETF, flipped negative this week. Meanwhile $GLD, the largest spot gold ETF, has seen steady outflows since the war began on Feb 27.

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