TRDX Daily US Market Briefing
BEARISHTuesday, June 23, 2026 · Pre-Market Edition · Updated 5:05 AM PT
Macro Snapshot
Key overnight catalyst: Nasdaq futures plunge 2.49% as AI hyperscaler debt concerns collide with a hawkish Fed — Alphabet & Amazon each shed 5% Monday, SpaceX lost 16.4% after unveiling a $20B bond sale, and KOSPI collapsed 10% overnight. A September rate hike is now fully priced in with >50% odds of a second by year-end. Theme today: buy those who benefit from AI spend (chips, quantum) — fade those doing the spending (neoclouds, hyperscalers).
15
EXTREME FEAR
- NQ futures −2.49% · ES −1.16% · RTY −1.22% · YM −0.35%
- VIX at 17.28 (+2.98%) — elevated but not yet panic-level
- Fed rate hike Sept fully priced; 50%+ odds of a second hike by year-end
- KOSPI −10% overnight — global chip/tech contagion in motion
- SpaceX $20B bond sale = debt-backed AI narrative spooks markets
- Bias: SHORT-heavy regime. Long only on hard quantum/AI-benefit catalysts (ZETA, INFQ, SPCX recovery).
Sector Performance (Mon Close / Tue Pre-Mkt Est.)
Tech
XLK
−2.8%
Comm Svcs
XLC
−2.5%
Cons Disc
XLY
−1.8%
Financials
XLF
−0.7%
Energy
XLE
−1.4%
Healthcare
XLV
Flat
Industrials
XLI
−0.2%
Cons Stap
XLP
+0.3%
Materials
XLB
−0.4%
Utilities
XLU
−0.1%
Real Est.
XLRE
Flat
Tech/Comm Svcs leading declines. Defensive staples the lone green. Semis (SMH) mixed — chipmakers outperformed hyperscalers on Mon on the AI-benefit rotation.
ES1! (S&P Fut.)
7,454
−1.16%
NQ1! (NQ Fut.)
29,890
−2.49%
YM1! (Dow Fut.)
51,934
−0.35%
RTY1! (Russell)
2,987
−1.22%
VIX
17.28
+2.98%
WTI Crude
$73.79
−0.09%
Brent Crude
$77.80
−0.13%
Gold (est.)
~$3,340
+~0.4%
10Y Yield (est.)
~4.62%
+2bp
Regime
SHORT BIAS
Long: hard catalyst only
Futures Chart Analysis (1D)
📊 ES1! — S&P 500 E-Mini · 7,454 (−1.16%)
Upper Trendline Break + Wick Sweep 7,418. ES broke above a multi-month upper trendline in June but is now retesting it from above — classic “overthrow and return.” A wick sweep near 7,418 is already in play. MAs remain bullishly stacked (20-day blue rising, 50-day green rising), but price is pressing into them. Volume is elevated on down days vs up days — bearish pressure building. Bias: cautiously bearish. Watch for a hold above 7,400 to stabilize; break risks a flush to 7,360 BOS level.
Support: 7,418 (wick sweep) · 7,362 (BOS) · 7,200 (equilibrium) | Resistance: 7,550 (today’s high) · 7,648 (ATH)
📊 NQ1! — Nasdaq 100 E-Mini · 29,890 (−2.49%)
CHoCH (Change of Character) confirmed — most bearish signal of the four. NQ has printed multiple CHoCH patterns (the June 3–5 CHoCH, then a secondary CHoCH June 16–19), indicating trend character is shifting from bullish to distribution. Upper TrendLine Break visible. Two wick sweeps below at 29,094 and 28,871 are the first real targets on continued selling. Until NQ reclaims 30,500+, treat all bounces as sells. Bias: bearish — leading indicator for tech today.
Support: 29,094 (wick sweep) · 28,871 (wick sweep) · ~27,600 (equilibrium) | Resistance: 30,700 (today’s high) · 30,976 (recent high)
📊 YM1! — Dow E-Mini · 51,934 (−0.35%)
BOS visible — mildest decline of the four. YM shows a clean BOS (Break of Structure) from early June and is holding well above MAs. The Dow’s relative strength vs NQ reflects the rotation: less tech exposure (IBM, industrial names) is cushioning the blow. Volume bars declining on down days = not panic selling. Price still in premium zone. Bias: neutral-mild bear. IBM’s gap-up today (Dow component) will help.
Support: 51,200 (20-day MA) · 50,800 (BOS structure) | Resistance: 52,260 (today’s high) · 52,734 (all-time high)
📊 RTY1! — Russell 2000 E-Mini · 2,987 (−1.22%)
EQH + BOS structure failing at equal highs. RTY set Equal Highs (EQH) near 3,039 then printed a BOS — now reversing back into the range. Wick sweep at 2,821.8 remains the key downside magnet if selling escalates. MAs still bullishly oriented but price has crossed below 20-day. Upper TrendLine Break also annotated on chart. Small caps are risk-off barometers — RTY weakness today is a confirmation signal. Bias: bearish confirmation for overall risk-off tone.
Support: 2,940 (BOS area) · 2,840 (MA cluster) · 2,821 (wick sweep) | Resistance: 3,039 (EQH / recent high)
Combined Implication: All 4 futures are red; NQ leads with CHoCH + −2.49%. The divergence between Dow (mild) and Nasdaq (severe) is today’s defining feature — tech/growth gets sold, Dow-weight industrials hold. Long setups require a hard fundamental catalyst to fight this tape. For longs: ZETA (+8.8%), INFQ (+7.1%), IBM (+5.1%) are counter-trend narratives with real news. NQ must reclaim 30,500 before flipping to long bias on the index — until then, fade any morning rip on high-beta tech shorts.
Economic Calendar
| Time (ET) | Event | Consensus / Prior | Impact | Note |
|---|---|---|---|---|
| 8:15 AM | ADP NER Pulse Weekly employment estimate (4-wk MA) |
May: 122K · Apr: 105K | MED | Week-over-week employment shift; already released pre-open. May print came in strong at 122K — watch for softening trend given rate hike fears. |
| 9:45 AM | S&P Global Flash PMI (June) Manufacturing + Services composite |
Prior: ~52.1 (composite) | HIGH | First major June economic read — conducted before the Iran sanctions waiver, so pre-news baseline. A miss below 50 would confirm slowing; a beat could trigger a short-covering bounce in rate-sensitive names. |
| After Close | FedEx (FDX) Q4 FY2026 Earnings First post-freight-spinoff report |
EPS est. $5.91 · Rev est. $24.18B | HIGH | Key read on supply chain health + FY2027 guidance. Bernstein expects a ~3% beat. Watch the 19.9% retained stake in FedEx Freight and new segment reporting. Sympathy: UPS, XPO. |
Today’s Earnings
| Ticker | Timing | Pre-Mkt | Consensus vs Prior | What to Watch |
|---|---|---|---|---|
| FDX WATCH FedEx Corporation |
AMC | ~Flat pre | EPS est. $5.91 · Rev est. $24.18B (+8.8% YoY) Prior EPS: $5.41 · 17 of 21 analysts = Strong Buy |
First standalone report post-freight spinoff. Primary focus: FY2027 guidance, volume trajectory, and how management frames the 19.9% stake in FedEx Freight. A beat + guide-up = broad logistics rally (UPS, XPO sympathy). Bernstein models ~3% EPS beat. |
⏰ Wednesday Jun 25 Pre-Open — Micron Technology (MU): Q3 FY2026 earnings (EPS est. ~$19.72, Rev est. ~$34.5B). HBM capacity fully booked through 2026; 39 of 44 analysts Buy/Strong Buy. This is THE catalyst event of the week for the AI chip sector — set your alerts now. Sympathy names: AMD, NVDA, Samsung.
Top 5 Movers
| Symbol | Price | PM Gap | PM Vol | RVOL 5m | ATR | Beta | Setup & Catalyst | Entry / Risk / Target |
|---|---|---|---|---|---|---|---|---|
|
SPCX
LONG
SpaceX (Space Exploration Technologies)
|
~$155 | −2.5%~est | Elevated HOT | ~3.5×~est | ~$18~est | ~3.2~est |
SPACE
IPO RECOVERY
SpaceX IPO’d at $135 on Jun 12, surged to $225 (ATH), then crashed 16.4% Monday on the $20B bond sale announcement + lockup expiry fears. Today it’s stabilizing — the bond sale is now known, $135 IPO price provides hard support, and Trump’s Quantum/Space EO signed Jun 22 adds incremental space sector tailwind. SPCX is the world’s most valuable aerospace company; the selloff is sentiment-driven, not fundamental. Recovery trade with first major support at the IPO opening print ($160).
Setup: Long above pre-mkt base / first 5-min ORH if it reclaims $158+. Skip if NQ continues lower into open — no catching falling knives pre-ORB.
|
Entry: ORB above $158 / VWAP reclaim
Risk: Below $148 (IPO day low zone)
Target: $168–$178 (T1) · $190 (T2)
|
|
ZETA
LONG
Zeta Global Holdings Corp.
|
$18.47 | +8.83% | 775,622 HOT | 5.38× | $1.30 | 2.52 |
AI / MARTECH
EARNINGS CATALYST
Q1 2026 revenue surged 50% YoY to $396M (+7% beat vs estimates). AI product Athena expanded to agencies as of Jun 18 — first major agency-channel commercialization event. B. Riley raised PT to $30 (from $28), maintaining Buy. ZETA is the only gap-up in the scanner with a hard fundamental catalyst and momentum. In a tape where hyperscalers are being sold, ZETA represents the AI-benefit trade: companies that help brands use AI efficiently rather than companies spending billions building it.
Setup: Long on ORB above opening range high. Hold requires RVOL ≥3× sustained into 10:00. If it gaps and craps below $17.50, skip — bear market can overwhelm even good catalysts.
|
Entry: ORH above open / VWAP hold
Risk: Below $17.20 (gap fill zone)
Target: $20.50–$22 (B. Riley PT zone)
|
|
INFQ
LONG
Infleqtion, Inc.
|
$14.21 | +7.11% | 1,742,420 HOT | 2.91× | $1.69 | 1.99 |
QUANTUM COMPUTING
EO CATALYST
Infleqtion CEO Matthew Kinsella attended the White House on Jun 22 for President Trump’s Executive Order on Quantum Technology — the single hardest government-level catalyst a quantum name can receive. The EO directs federal agencies to accelerate quantum deployment across national security, commercial, and scientific applications. Additionally, Infleqtion has a $100M Letter of Intent with the Dept of Commerce signed May 2026. At $14.21, with 1.74M pre-market shares and confirmed volume, this is the cleaner quantum long vs QBTS (which lacks the direct EO tie-in).
Setup: Long on first 5-min ORH. Quantum names can be volatile — use smaller size. Watch QBTS as sympathy confirmation; if QBTS fades hard, trim INFQ fast. Stop is tight.
|
Entry: ORB above open / $14.50 breakout
Risk: Below $13.40 (pre-mkt low zone)
Target: $16.00 (T1) · $17.50 (T2)
|
|
INTC
SHORT
Intel Corporation
|
$140.94 | −6.17% | 2,340,558 HOT | 3.11× | $9.69 | 3.06 |
SEMICONDUCTORS
PROFIT-TAKE FADE
Intel has rallied 500%+ over the past year on Apple foundry deal, Nvidia DGX CPU supply, and Google TPU orders. At $141, the stock is experiencing the inevitable gravity of an overextended parabolic run meeting a broad tech selloff. Today’s −6.2% pre-market gap is pure profit-taking — no negative company news — which actually makes this the cleaner short: exhausted longs exiting, no bounce catalyst, 127M average daily shares means unlimited liquidity. The high-beta setup (3.06) ensures the fade has real amplitude.
⚠️ Setup: Short below VWAP / below opening range low. Risk is a gap-fill bounce to $145+ on any positive PMI surprise or CNBC mention. Size accordingly — 2.34M pre-mkt vol = this one will trade actively.
|
Entry: Below 5-min ORL / VWAP rejection
Risk: Above $147 (gap fill risk)
Target: $132 (T1) · $125 (T2 — prior base)
|
|
CRWV
SHORT
CoreWeave, Inc.
|
$111.29 | −5.87% | 348,391 HOT | 5.93× | $8.92 | 2.28 |
AI CLOUD
NASDAQ-100 INCLUSION FADE
CoreWeave joined the Nasdaq-100 effective Jun 22 — classic “buy the rumor, sell the news” on index inclusion. Simultaneously, today’s dominant narrative is precisely the setup that hurts CRWV most: investors are selling companies that are doing heavy AI compute spending (CoreWeave IS the spending — debt-backed GPU clusters). RVOL 5.93× on pre-mkt = institutions are front-running the short. The dual pressure of post-inclusion selling + AI spending concern makes this the cleanest thematic short on the board today.
⚠️ Setup: Short on VWAP rejection or break of opening range low. If NQ bounces sharply at open, wait for the second rip to fade — don’t short into a broad-market rip. Cover T1 before 11 AM.
|
Entry: VWAP fade / ORL break
Risk: Above $120 (reclaim of PM open)
Target: $103 (T1) · $95 (T2 — prior consolidation)
|
Top 5 regime: BEARISH with long-bias override — 3 longs (SPCX, ZETA, INFQ), 2 shorts (INTC, CRWV). Prioritize ZETA and INFQ as primary longs — both have hard fundamental catalysts that justify counter-trend exposure. SPCX is the recovery play; size smaller given macro headwinds. INTC is the highest-conviction short given volume + overextension. Avoid chasing shorts deeper than 10% below yesterday’s close — this tape can rip violently on any Fed headline.
Secondary Movers
| Symbol | Price | PM Gap | PM Vol | RVOL 5m | ATR | Beta | Setup & Catalyst | Entry / Risk / Target |
|---|---|---|---|---|---|---|---|---|
|
IBM
LONG
International Business Machines
|
$252.22 | +5.11% | 267,168 HOT | 10.32× | $12.35 | 1.12 |
ENTERPRISE AI
PARTNERSHIP
IBM announced an OpenAI partnership to integrate frontier AI into enterprise security workflows (Jun 22). BofA raised PT to $315 from $300 (Buy). U.S. government $1B quantum investment tied to IBM foundry also in play. RVOL 10.32× is exceptional — institutional accumulation. IBM is a Dow 30 component providing relative stability.
Setup: Long on ORH or VWAP hold. Beta 1.12 = lower amplitude but more reliable in down tape. Good hedge against the short book.
|
Entry: ORH / VWAP hold above $250
Risk: Below $246 (gap fill)
Target: $263 (T1) · $275 (BofA PT zone)
|
|
QBTS
LONG
D-Wave Quantum Inc.
|
$24.47 | +4.35% | 1,032,840 HOT | 3.28× | $2.50 | 4.37 |
QUANTUM COMPUTING
EO SYMPATHY
D-Wave benefits from the same Trump Quantum EO as INFQ — the government mandate broadly lifts all quantum computing names. Beta 4.37 makes this the highest-beta long on the board today. 1M pre-mkt vol = significant interest. CAUTION: D-Wave and quantum names in general can reverse violently. Use this as a quick scalp on the open, not a hold.
⚠️ Setup: Quantum names prone to gap-and-crap. Only trade ORH with tight stop. If INFQ fails, QBTS follows. Size very small given volatility profile.
|
Entry: ORH above open · quick scalp only
Risk: Below $23.00 (pre-mkt VWAP)
Target: $26.50 (T1) · $28.00 (T2)
|
|
NBIS
SHORT
Nebius Group N.V.
|
$283.61 | −7.37% | 303,851 HOT | 6.54× | $24.04 | 2.80 |
AI CLOUD
NASDAQ-100 FADE
Nebius joined Nasdaq-100 alongside CRWV effective Jun 22 — same “sell the news” dynamic applies. NBIS is up 240% YTD before today; exhaustion is real. RVOL 6.54× = strongest relative volume of all the shorts. AI spending concern narrative hits NBIS directly (European AI cloud infrastructure). ATR $24 = wide intraday range.
⚠️ Setup: Short on VWAP rejection. Price $283 = use smaller share size. Cover T1 aggressively — NBIS can snap back 5–8% intraday on any AI positive headline.
|
Entry: VWAP rejection / ORL break
Risk: Above $300 (pre-mkt open)
Target: $265 (T1) · $252 (T2)
|
|
IREN
SHORT
IREN Limited
|
$56.87 | −4.52% | 645,854 HOT | 4.35× | $5.22 | 3.85 |
BITCOIN MINING
RISK-OFF FADE
IREN is a Bitcoin mining proxy getting double-hit: risk-off sentiment suppresses crypto prices AND rising rate expectations (Fed hike Sept) reduce the expected present value of BTC. Beta 3.85 = one of the highest betas on today’s scanner. ATR $5.22 = meaningful intraday amplitude. Volume 645K pre-mkt at 4.35× RVOL signals institutional selling, not retail panic.
⚠️ Setup: Short on VWAP rejection or ORL break. If BTC stabilizes above key support, crypto proxies can catch bids fast. Monitor BTC price as leading indicator.
|
Entry: ORL break / VWAP rejection
Risk: Above $60.50 (PM session high)
Target: $52 (T1) · $48 (T2 — prior support)
|
|
MRVL
SHORT
Marvell Technology, Inc.
|
$307.86 | −7.58% | 725,593 HOT | 4.98× | $27.64 | 1.08 |
SEMICONDUCTORS
NASDAQ-100 FADE
MRVL also joined Nasdaq-100 effective Jun 22 — post-inclusion selling amplified by broad tech selloff. Record Q1 revenue ($2.42B, +28% YoY) is already baked in; guide for $2.7B Q2 (+35% YoY) is strong but priced. Jensen Huang called MRVL “next trillion-dollar company” — that sentiment drove the run; now profit-takers are extracting. ATR $27.64 = wide enough to matter. ⚠️ Note: Beta 1.08 is the lowest in our pool — lower amplitude short. Use as a position size anchor.
⚠️ Setup: Short on VWAP fade. Bounce risk is real given Jensen Huang endorsement and strong fundamentals. $307 is already near key support — don’t chase below $295. Cover quickly.
|
Entry: VWAP rejection / ORL break
Risk: Above $320 (pre-mkt gap open)
Target: $292 (T1) · $278 (T2)
|
Themed Movers
Trump Quantum EO — Government-Mandate Liftoff
President Trump signed an Executive Order on Quantum Technology on Jun 22, directing federal agencies to accelerate quantum deployment across national security, commercial, and scientific domains. Infleqtion CEO attended the White House ceremony. This is the hardest possible government catalyst for a sector — EOs unlock federal procurement, R&D funding, and public awareness simultaneously. Three qualifying names are up 2–7% in pre-market; the theme is confirmed.
Scanner names in theme:
INFQ +7.1%
QBTS +4.4%
QUBT +2.1%
Liquid alternatives:
IBMIONQRGTIQTUM ETF
ETF: QTUM (Defiance Quantum ETF) — volume spike here = institutional confirmation. ⚠️ Caution: IONQ and RGTI prone to violent reversals (per IONQ May 11 post-mortem). Prefer INFQ and QBTS for cleaner entries.
SpaceX IPO Hangover — Space Ecosystem Selloff
SpaceX’s (SPCX) −16.4% Monday crash on the $20B bond sale dragged every space-adjacent name lower. RKLB, LUNR, and RDW are all down 3.7–4.3% in sympathy despite no company-specific negative news. This creates two setups: a recovery trade on SPCX (user-selected Top 5), and fade opportunities on names dragged lower without fundamental cause. Watch for SPCX base formation to signal when space names can recover.
Scanner names in theme:
SPCX ~−2.5% (recovering)
RKLB −3.75%
LUNR −3.73%
RDW −4.30%
Liquid alternatives:
PLATROACHRUFO ETF
ETF: UFO (Procure Space ETF) — volume confirms sector-wide move. RKLB is the most liquid space trade; if SPCX stabilizes, RKLB is the first beneficiary of a space sector recovery.
AI Benefit vs. AI Spend — The Defining Trade of Today’s Tape
Today’s dominant macro theme is the rotation out of “AI spenders” (hyperscalers, neocloud infrastructure firms that borrow to build GPU clusters) and into “AI beneficiaries” (software companies that monetize AI without building hardware). Reuters Morning Bid named it explicitly: “buying stocks that benefit from AI spending, selling those doing all the spending.” This explains ZETA (+8.8%), IBM (+5.1%) going up while CRWV (−5.9%), NBIS (−7.4%), INTC (−6.2%) go down. The catalyst: SpaceX’s $20B bond issuance crystallized the narrative that debt-backed AI infrastructure is risky in a rising-rate environment — a rate hike is now fully priced for September.
Longs — AI Beneficiaries:
ZETA +8.8%
IBM +5.1%
INFQ +7.1%
Shorts — AI Spenders / Infrastructure:
CRWV −5.9%
NBIS −7.4%
INTC −6.2%
APLD −3.5%
Liquid alternatives for the long side:
PLTRNOWSNOWDDOGNET
ETF confirmation: IGV (Software ETF) will outperform XLK (broad tech) today if this rotation holds. Watch IGV vs. SOXX spread — if semis start outperforming software too, the theme is evolving into a pure chip bid (watch for MU pre-print positioning).
Session Playbook
9:00–9:30 · Pre-Market Final Check
Finalize watch list. Confirm ZETA and INFQ are holding pre-mkt gap (ZETA above $17.50, INFQ above $13.70). Check NQ futures direction — if NQ prints below 29,500, trim long size by half. Set INTC short alert at VWAP. Verify SPCX is not breaking below $150 before open. Pull up QBTS/QUBT for quantum sector sympathy read.
9:30–9:35 · Opening Print
Priority: ZETA ORB long + INTC short. ZETA is the A+ long: if it gaps up and holds above the opening range within the first 1 min, take the ORH break. Simultaneously, watch INTC’s first-minute candle — below ORL is your short entry. Don’t try to trade both at once; pick one and execute cleanly.
9:35–10:00 · Early Trade Window
INFQ and SPCX decisions. If ZETA is working, add INFQ only if QBTS is also trading up (quantum sympathy confirmation). SPCX long requires a clean ORH break above $158 — if it doesn’t clear, skip and wait for midday base. IBM long on VWAP hold is lower risk, lower reward. IREN short entry if ORL breaks cleanly.
9:35–10:00 · Fade Watch
CRWV + NBIS short setup. Watch for a dead-cat bounce in the first 5 minutes on CRWV and NBIS — that’s the short entry point, not the open. If they gap down and then bounce to VWAP, that’s your fade. MRVL short: enter on the second touch of VWAP from below, not the first. Regime rule: if NQ bounces 1%+ off lows, pause shorts and wait.
10:00–12:00 · Primary Trading Window
Re-entry and profit management. 9:45 AM PMI data — HIGH IMPACT. A PMI miss (<50) extends the bear case; hold shorts, trim longs. A PMI beat (>53) could spark short covering — lock in short profits fast. After PMI, monitor INTC and CRWV for secondary short entries on any dead-cat bounces. ZETA target T1 at $20.50 if it’s holding; trail stop up aggressively.
12:00 PM · Micron Pre-Positioning Watch
Midday — set MU alerts for Wednesday. Any midday headlines about Micron (MU) earnings preview, analyst PT raises, or supply chain commentary will move the AI memory complex (AMD, NVDA, Samsung sympathy). MU earnings Wed pre-open = biggest catalyst of the week. If SMCI, AEHR, or ONTO start moving midday, that’s the MU pre-positioning trade.
1:00–3:30 · Afternoon Monitor
FedEx AMC positioning + swing watch. FDX earnings after close tonight — look for FDX to trade actively 2–3 PM. UPS and XPO may move in sympathy pre-close. Watch for any afternoon SPCX news (bond sale pricing updates, lockup commentary). ZETA and IBM — if either has extended well, take final partial profits before 3 PM. Do not hold INTC short overnight (strong bounce risk on any positive news).
3:30–4:00 · End of Day
Flatten all shorts. Review swing candidates for Wednesday MU catalyst. Hard rule: close INTC, CRWV, NBIS shorts before 4:00 PM — no overnight shorts into a potential bounce. Set after-hours alerts: FDX earnings (any revenue miss = FedEx sell + logistics sympathy), NQ futures direction for tomorrow. MU pre-positioning: any NVDA or AMD after-hours strength = confirm the AI chip bid ahead of MU Wed.
Overnight Intelligence
📧 Reuters Morning Bid — “SpaceXhaust” (Jun 23)
- ▸ Alphabet & Amazon each fell ~5% Monday on AI spending / rate concern double-hit
- ▸ SpaceX unveiled $20B bond sale — first debt financing since IPO — sending SPCX −16.4%
- ▸ Fed rate hike fully priced for September; >50% odds of TWO hikes by year-end
- ▸ KOSPI (South Korea) crashed ~10% overnight — global chip contagion in progress
- ▸ Yen near 40-year lows; Tokyo-Washington contacts on FX stability (intervention risk)
- ▸ Oil: Brent $77.80, WTI $73.79 — Iran sanctions waived 60 days; Strait of Hormuz flows normalizing
- ▸ UK PM Keir Starmer resigned Monday; Andy Burnham expected successor (UK markets relatively calm)
📧 Yahoo Finance Morning Brief (Jun 23)
- ▸ SpaceX IPO gains nearly fully erased — SPCX approaching $135 IPO price after −16.4% Monday
- ▸ Getty Images surged +145% after announcing OpenAI licensing deal (catalyst for AI licensing narrative)
- ▸ Alphabet shares drop as second AI star executive departs for rival
- ▸ Amazon Prime Day begins today — watch AMZN, SHOP, WMT consumer spending data
- ▸ Consumer price sensitivity high: e.l.f. Beauty found 85% more sales with a $4 price cut — demand is there at the right price
- ▸ Workday faces California AI bias lawsuit in job screening
- ▸ Agenda: ADP NER Pulse 8:15 AM · S&P PMI 9:45 AM · FedEx earnings AMC
📧 Reuters Business Roundup (Jun 23)
- ▸ Nasdaq futures −2%+ on AI buildout cost concerns + Fed rate hike outlook
- ▸ Oracle workforce shrinks ~21,000 employees amid AI automation adoption — AI is replacing jobs at Oracle itself
- ▸ NatPower + Tesla reach deal on first phase of $5B battery storage plan
- ▸ EU to ramp up Meta probe into addictive design (Bloomberg)
- ▸ Shopify to bar vapes as U.S. authorities crack down
- ▸ Fatal Tesla crash into Texas home now under NHTSA probe
📧 Reuters Trading Day (Jun 22 evening) + CNBC Squawk
- ▸ Alan Greenspan died aged 100 — hailed as greatest Fed chair, blamed for 2008 crisis preconditions
- ▸ Monday: S&P −0.4% · Nasdaq −1.3% · Dow +0.3% · Small caps +0.9% — mixed signals
- ▸ Chipmakers outperformed Monday: “buying those that benefit from AI, selling those doing the spending”
- ▸ Micron (MU) continues to gain ahead of Wednesday earnings — institutional pre-positioning visible
- ▸ CRWV, NBIS, RKLB joined Nasdaq-100 effective Jun 22 — all three fell on “sell the news”
- ▸ Trump signed Quantum Technology EO Jun 22 — Infleqtion CEO at White House; $1B govt quantum commitment
The Days Ahead