Brief: Record Earnings, Record Selloff

Super Brief: When the Floor Moves — Super Brief

When the Floor Moves. Brent settled at $78.19, up 5.4 percent, a sharp single-session repricing of Hormuz supply risk, while the Nasdaq eked out a 0.2 percent gain. Those two prices tell opposite stories, and they are not equal. The Nasdaq's calm is the market pricing a ceasefire restoration that has not happened; the oi

Brief: When the Floor Moves

Trump declared the Iran ceasefire over after Tehran attacked commercial ships in the Strait of Hormuz, sending Brent crude up more than five percent and rate hike odds sharply higher for September. Carney told the NATO summit Trump won the defense spending argument. Qualcomm entered talks to acquire

Brief: Record Earnings, Record Selloff

Samsung posted the best semiconductor quarter in 40 years and the market sold it hard enough to trip KOSPI's circuit breaker. After Iran struck commercial ships in the Strait of Hormuz, the US retaliated overnight with strikes across Iran and Iran hit back at US bases in the Gulf, shattering June's

Super Brief: Record Earnings, Record Selloff — Super Brief

Record Earnings, Record Selloff. Samsung posted its best chip quarter in 40 years and its stock fell about 10%, dragging the whole SOX index down more than 6% and tripping Korea's circuit breaker for the sixth time this year. Two reads compete, and they are not equal. One says the quarter was fully priced and this is positioning me

Brief: Microsoft's Shocking AI Hiring Spree Amid Layoffs

NATO opens in Ankara with $140 billion pledged for Ukraine and a unanimous declaration that Russia is the alliance's most significant long-term threat. Microsoft cut 4,800 employees and simultaneously launched a 6,000-person AI deployment arm; OpenAI unveiled a $4-billion deployment unit the same we