News
WTI crude slid back to around $77 a barrel last week, posting an 8% weekly loss as Middle East tensions eased. The divergent playbook: lower oil typically pressures energy producers while offering relief on airline fuel costs.
News
The Fed just turned hawkish — now all eyes are on Friday's May PCE print. With half the dot plot penciling in a 2026 rate hike, this inflation gauge could reset the market's entire rate-path outlook.
News
The US and Iran signed a 60-day ceasefire on June 17 and Washington lifted its Strait of Hormuz blockade a day later, easing Middle East tensions and dragging crude oil down roughly 8% on the week. A Trump threat on June 21 sparked a brief intraday spike but didn't change the trend.
News
The Fed held rates steady at Kevin Warsh's first meeting as chair — but the dot plot told a different story, with half of all officials penciling in at least one hike this year. Stocks sold off hard before chips led a partial recovery.
News
U.S. markets reopen Monday after the Juneteenth long weekend, with traders digesting fresh Iran rhetoric from Trump and last week's chip-led rally. The week's marquee events: FedEx earnings Tuesday, Micron Wednesday, and May PCE on Friday.
Deep Dive
TSMC's Q1 FY2026 revenue surged 40.6% YoY with a 66.2% gross margin and net income up 58.3% — the eighth consecutive quarter of double-digit profit growth. The market isn't valuing a foundry; it's pricing the essential manufacturing backbone of the entire AI era.
News
A week after its record-breaking IPO, SpaceX (SPCX) tumbled as much as 10% intraday on June 18 before closing down more than 3%, bringing the two-day loss to roughly 8.3%. Analysts point to stretched valuations, profit-taking, a razor-thin float, lock-up concerns, and a cautious macro…
News
Accenture cratered 18% on a revenue miss and guidance cut; Kroger slid 8% premarket despite beating the top line; Smith & Wesson surged nearly 20% on a blowout Q4. One earnings window, three very different market verdicts.
News
President Trump posted on social media June 18 that Apple has agreed to partner with Intel to design and manufacture chips in the United States. Intel surged to an all-time intraday high of $135.48, closed up ~10.5%, and dragged the Philadelphia Semiconductor Index to a record close —…
News
Pakistan announced June 18 that the U.S.-Iran MOU means Tehran will reopen the Strait of Hormuz "as soon as possible" and the U.S. naval blockade of Iranian ports lifts immediately. WTI crude dropped ~4% to $72.99, dragging energy stocks lower even as the broader market rallied.
News
All three major indexes rebounded on June 18, with the Russell 2000 surging 2.12% to pace the rally and recoup a chunk of the prior day's Fed-driven selloff. Triple witching added to the day's volume; energy was the lone sector laggard.
News
U.S. semiconductor stocks whipsawed in June: a brutal early-month selloff wiped out more than $1 trillion in market cap, a sharp rebound followed, then faded just as fast. Nvidia has been fighting to hold the $5 trillion mark ever since.