Davide Marcotti @Dafne17: "Good morning legends ☀️ Weed out..."

United Arab Emirates

Good morning legends ☀️ Weed out the noise. Here's your selection of the real key market movers of the last 24 hours 🌍 Macro 🔴 June retail sales missed consensus at just 0.2% month-over-month versus 0.3% expected, highlighting consumer fatigue as inflation and rates stay elevated. 🔴 WTI $OIL jumped over 4% to $73.52 after Trump announced the U.S. is striking Iranian targets for the fourth straight day, reigniting Middle East supply fears. 🟢 June retail sales came in lighter than expected but some elements of the report impressed, giving the Fed wiggle room on its next move at the July 30-31 meeting. 🔴🔴 The ECB raised rates by 25 basis points on June 11, bringing the deposit facility to 2.25% as the war in the Middle East generates fresh inflation pressures across Europe. 🟢 Initial jobless claims came in at 215,000, below expectations of 220,000 and well below the 30-year median of over 300,000, signaling the labor market remains tight. 🟢 Fed Chair Kevin Warsh said the FOMC will make a decision on whether to raise interest rates in four weeks' time, keeping the door open for either outcome as inflation runs too hot. 📈 Crypto 🟢 Tether froze $131 million after the U.S. added four Iran central bank crypto wallets to sanctions, showing stablecoin issuers are willing to act as enforcement tools for Washington. 🟢 Citadel Securities invested $400 million in Crypto.com, valuing the exchange at $20 billion in its first institutional funding round to fuel expansion into tokenized securities and derivatives. 🟢 Visa launched a stablecoin platform that lets banks and fintechs issue, manage and settle digital dollars through its payments network, taking aim at Circle and backing Open USD. 🟢 Bitcoin $BTC rallied to a three-week high of $65,200 on softer-than-expected inflation data, easing fears that the Fed would tighten further and crush liquidity. 🔴 Bitcoin pulled back to $64,000 after hitting a monthly high as fresh Iranian strikes on U.S. bases sent crypto lower, with bears taking control across most tokens. 🟢 The U.S. Senate unanimously opposed clemency for FTX founder Sam Bankman-Fried months after Trump pardoned other major crypto figures including CZ and Ross Ulbricht, drawing a clear line. 🏦 TradFi 🔴🔴 Taiwan Semiconductor announced a 77% annual earnings gain only to see shares fall more than 4%, hurting semiconductors as investors question whether AI capex can justify lofty valuations. 🔴 The Nasdaq $NSDQ100 dropped 1.6% on Thursday as chipmakers sold off hard despite strong earnings, signaling that the bar for AI stocks is absurdly high. 🔴 Netflix posted mixed Q2 results with revenue of $12.56 billion versus $12.58 billion expected, and the stock dropped in extended hours after its Q3 outlook fell short of forecasts. 🔴 United Airlines beat earnings estimates but issued negative Q3 guidance as fuel costs climb, another sign that oil's surge is biting into margins across sectors. 🟢 Abbott Labs soared almost 4% after beating EPS estimates and raising its fiscal 2026 guidance, proving that fundamentals still matter when you deliver. 🔴 SpaceX fell below its IPO price of $135 for the first time amid concerns about launch competition from Chinese firms and a large rise in shares available to trade by early August. 🤖 AI & Tech 🔴 Taiwan Semiconductor's strong earnings preceded a pullback in the sector for the second time in three days, a potentially ominous sign as tech results accelerate and investors demand perfection. 🔴 OpenAI may delay its IPO to 2027 to protect a $1 trillion valuation, signaling caution on stretched AI valuations and weighing on the entire sector as the biggest name blinks. 🟢 Washington began issuing licenses for Nvidia $NVDA (NVIDIA Corporation) to sell its H20 chips in China again, reopening a key market the U.S. had blocked. ✅ in the portfolio 🟠 Chipmakers are caught between stellar earnings and brutal selloffs as the market questions whether hyperscalers can sustain $80 billion-plus annual capex without demonstrating AI returns soon. 🟢 Microsoft, Meta $META (Meta Platforms Inc), Amazon, and Alphabet report earnings in late July, and strong AI spending plans would point straight to more Nvidia chip orders. ✅ in the portfolio 🟢 Nvidia unveiled a new AI model and expanded Japan's physical AI ecosystem, continuing its strategy of locking in customers through software and partnerships beyond pure hardware. ✅ in the portfolio The setup is binary — either hyperscalers reaffirm their AI spending in late July or this rally evaporates fast. @Tori , anything else I have missed? Stay sharp - follow if you want the key market movers in your feed every morning 🙏

Not investment advice. The author may have financial interests in the mentioned instruments.