TRDX Daily US Market Briefing BULLISH
Wednesday, June 24, 2026
Updated 9:05 AM PT
Updated 9:05 AM PT
Sector Heatmap
Technology
XLK
+0.9% ~est.
Financials
XLF
+0.3% ~est.
Energy
XLE
−2.5% ~est.
Healthcare
XLV
+0.4% ~est.
Industrials
XLI
+0.2% ~est.
Cons. Disc.
XLY
+0.4% ~est.
Cons. Stap.
XLP
−0.1% ~est.
Materials
XLB
+0.1% ~est.
Real Estate
XLRE
+0.2% ~est.
Utilities
XLU
−0.4% ~est.
Comm. Svcs.
XLC
+0.6% ~est.
Tech & Comm Svcs lead the AI bounce; Energy crushed on Iran deal / WTI crude −5%+; Utilities and Staples rotating out on risk-on tone. All sector figures ~estimated. Breadth is positive: 8 of 11 sectors green pre-market.
Market Bias
42
FEAR
- ES1! futures +0.30% → recovery attempt after two-day AI rout; crossing +0.25% confirms BULLISH regime (+20 pts)
- VIX 19.49 → elevated but below 20; fear premium not yet resolved (0 pts)
- CNN Fear & Greed Index: 28 → investor caution dominant after “chip wreck” Tuesday (−10 pts)
- Newsletter tone: Reuters “Bubble or blasphemy?”, Yahoo “A sinking Micron” — bearish overhang from yesterday (−5 pts)
- RTY1! +0.36% leading → small caps outperforming = risk-on confirmation (+5 pts)
- Iran deal + Strait of Hormuz reopening → oil −5%, macro risk-on tail wind (+12 pts)
Sources: TradingView charts · CNN F&G Index (Jun 23, val: 28) · Reuters Morning Bid · Yahoo Finance Morning Brief
Overall Economic Summary
Markets enter Wednesday attempting a controlled bounce after Tuesday’s brutal AI-sector rout that sent the Nasdaq 100 down 3.3% and erased more than $1 trillion in tech market cap. The primary driver of Tuesday’s carnage was a surge in AI spending skepticism, crystallized by Micron Technology’s 13% single-day collapse ahead of its Q3 FY2026 earnings report due after today’s close. The chip index fell roughly 8%, prompting Reuters to run the headline “Bubble or blasphemy?” — referencing SoftBank CEO Masayoshi Son’s insistence that AI is not in a bubble, even as price action challenged that view violently.
The dominant overnight macro development is geopolitical: President Trump announced a nuclear agreement with Iran, including the reopening of the Strait of Hormuz. WTI crude is down more than 5% on the news — a double-edged sword that eases energy costs for AI infrastructure and data center operators but crushes traditional energy (XLE). The practical effect for growth traders is a clear risk-on tilt: high-beta AI chips, optical components, clean energy infrastructure, and crypto proxies all benefit from lower oil and higher risk appetite. The EIA crude inventories report at 10:30 AM ET could amplify or partially reverse the crude move.
With Micron’s earnings arriving after the close, the semiconductor space is the key battleground. Consensus expects EPS of $20.20 on revenue of $34.66B — a 272% revenue increase YoY — driven by HBM and AI data center memory demand. A beat with strong HBM guidance would validate the AI capex narrative and ignite a multi-day recovery across MRVL, AMD, NVDA, and AAOI. A miss or cautious guide reopens Tuesday’s wounds. Today is a bounce-play session — position with tight stops and let MU set the tone for Thursday.
Market Sentiment
ES1! futures up +0.30% at 7,459.75, NQ1! up +0.60% at 29,845.25, YM1! essentially flat at +0.06% / 52,115, RTY1! leading at +0.36% / 3,009.10. Regime reads BULLISH — I am filtering long setups only today. This is a bounce-off-selloff environment: I’m applying tighter-than-normal stops and trading smaller size until NQ confirms a reclaim above 30,000. RTY outperforming is the single most constructive data point of the morning — it signals genuine institutional risk appetite rather than a low-conviction dead-cat bounce. ES holding 7,418 support is the intraday red line; failure there flips me to neutral immediately.
Key Market Stats
S&P Futures (ES1!)
7,459.75
+0.30%
Nasdaq Futures (NQ1!)
29,845.25
+0.60%
Dow Futures (YM1!)
52,115
+0.06%
Russell (RTY1!)
3,009.10
+0.36%
VIX
19.49
Elevated
10Y Treasury
~4.45%
~est.
DXY
~102
~est.
WTI Crude
~$68
−5%+ Iran deal
Gold
~$3,220
~est.
Bitcoin (BTC)
~$62,250
Jun 23 close
E-Mini Futures — Technical Outlook (1D)
S&P 500 E-mini
ES1! · CME
7,459.75 +0.30%
Structure: BOS confirmed; bouncing from wick sweep zone near 7,418.25. Price re-entering premium zone.
Support: 7,418 (wick sweep) → 7,362 (deeper wick)
Resistance: 7,550 (distribution) → 7,648 (recent high)
Bias: Cautiously bullish. Must hold 7,418 on open.
Support: 7,418 (wick sweep) → 7,362 (deeper wick)
Resistance: 7,550 (distribution) → 7,648 (recent high)
Bias: Cautiously bullish. Must hold 7,418 on open.
Nasdaq 100 E-mini
NQ1! · CME
29,845.25 +0.60%
Structure: CHoCH resolved; recovering from wick sweeps at 29,094 and 28,871. At 30,000 key level.
Support: 29,094 (wick sweep) → 28,871 (deeper sweep)
Resistance: 30,000 (psych) → 30,400 (CHoCH) → 30,970 (high)
Bias: Needs to reclaim 30,000 on open. MU earnings the key tonight.
Support: 29,094 (wick sweep) → 28,871 (deeper sweep)
Resistance: 30,000 (psych) → 30,400 (CHoCH) → 30,970 (high)
Bias: Needs to reclaim 30,000 on open. MU earnings the key tonight.
Dow Jones E-mini
YM1! · CBOT
52,115 +0.06%
Structure: BOS; grinding near recent high 52,734. Heavy volume cluster 52,000–52,400.
Support: 51,700 (BOS) → 51,200 (EQH level)
Resistance: 52,734 (recent high) → 53,200 (Premium)
Bias: Neutral — less tech-exposed, not leading today.
Support: 51,700 (BOS) → 51,200 (EQH level)
Resistance: 52,734 (recent high) → 53,200 (Premium)
Bias: Neutral — less tech-exposed, not leading today.
Russell 2000 E-mini
RTY1! · CME
3,009.10 +0.36%
Structure: Strong BOS + Upper Trendline Break; recovered from wick sweep at 2,821.8.
Support: 2,960 (BOS) → 2,880 (prior structure)
Resistance: 3,039 (recent high) → 3,080 (Premium)
Bias: Bullish — RTY leading = strongest risk-on signal of the morning.
Support: 2,960 (BOS) → 2,880 (prior structure)
Resistance: 3,039 (recent high) → 3,080 (Premium)
Bias: Bullish — RTY leading = strongest risk-on signal of the morning.
Combined Implications: RTY1! leading at +0.36% is the cleanest risk-on confirmation — small caps benefit from the Iran deal tail wind and reflect genuine institutional risk appetite. NQ needs to clear and hold 30,000 on the open to give AI bulls confidence; a rejection there would signal continued distribution. ES holding 7,418 is the intraday red line. YM lagging confirms this is a tech/growth bounce, not a broad melt-up. Priority today: high-beta AI/optical and clean energy longs. Tight stops. Let MU earnings set direction for tomorrow.
Economic Calendar — Wednesday, June 24, 2026
| Time (ET) | Event | Consensus | Prior | Impact |
|---|---|---|---|---|
| 8:30 AM | Q1 2026 Current Account Balance | — | −$303.9B | LOW |
| 8:30 AM | MBA Mortgage Applications (WoW) | — | — | LOW |
| 10:00 AM | New Home Sales (May) | 620–650K ann. | 743K | MED |
| 10:00 AM | Conference Board LEI (May) | — | — | MED |
| 10:30 AM | EIA Crude Oil Inventories | — | — | HIGH — Iran deal already moving crude −5%; inventory data amplifies or fades the move |
| After Close | Micron Technology (MU) Q3 FY2026 Earnings + Call | EPS $20.20 · Rev $34.66B | EPS $1.91 (Q3 FY25) | HIGH — Market-mover for entire AI semi sector |
Today’s Earnings
MU
Micron Technology Inc.
AMC
Consensus EPS: $20.20 · Prior: $1.91 · Rev consensus: ~$34.66B (+272% YoY)
After crashing −13% on Tuesday, MU reports Q3 FY2026 tonight at 2:30 PM MT. The stock has surged 200%+ YTD on HBM (High Bandwidth Memory) and AI data center demand, making this the most closely watched report of the AI supercycle. Key focus: HBM gross margin, NAND pricing, and forward AI memory demand guidance. A beat + bullish guide could ignite a multi-day recovery across the entire semi ecosystem. Note: MU is trading ~$1,100 — above our $500 price limit — so it is a theme catalyst / watch only today, not a direct trade vehicle.
Key Events Today
🕊️ US–Iran Nuclear Deal Announced
Overnight · Ongoing
President Trump announced a nuclear agreement with Iran, including the reopening of the Strait of Hormuz. WTI crude is down 5%+. This is the dominant macro catalyst of the session: oil down = lower energy costs, risk-on rotation into growth assets, and a tailwind for clean energy alternatives (FLNC, FCEL, RUN). Monitor for any deal complications that could reverse the crude move.
🤖 CRWV + NBIS Join Nasdaq-100
Effective as of Jun 23 close
CoreWeave (CRWV) and Nebius (NBIS) made their Nasdaq-100 debut, triggering mandatory index rebalancing. CRWV is trading ~$102.95 (−7.49% premarket) as index funds manage position sizes. This is a technical headwind for CRWV near-term but validates AI cloud infrastructure as investable at scale.
💾 Micron Q3 FY2026 Earnings
After Market Close — 2:30 PM MT
The decisive catalyst for the AI trade this week. Consensus EPS $20.20, revenue $34.66B (+272% YoY). Stock was down 13% Tuesday. A positive result validates today’s AI bounce as the start of a recovery. A miss or cautious guide risks undoing everything. Watch MRVL, AAOI, AMD, NVDA reaction at 4 PM.
📡 AAOI 1.6T Order Ships July 1
Catalyst — Imminent
Applied Optoelectronics begins shipping its 1.6 Terabit optical transceiver order on July 1 — just 7 days away. Rosenblatt raised its price target to $220 from $140 (Buy). Nvidia CEO has publicly endorsed AI optics as a critical infrastructure layer. The stock bounced $145–$163 range on June 24. This near-term shipment start makes AAOI one of the cleanest pre-event momentum setups of the morning.
📅 Q2 End — Window Dressing Week
Fri Jun 27 · Mon Jun 30
Final week of Q2 2026. Fund managers are buying outperformers and dumping laggards for quarter-end reporting. AI/semi/growth names that have crushed YTD will see institutional support this week. The bounce in MRVL, AAOI, FLNC, AMD, NVDA today may be partially window-dressing demand as funds need to show tech exposure on Q2 books.
Top 5 Movers — BULLISH Regime · Long Setups Only
MRVL #1
Marvell Technology, Inc. · AI Semiconductors / ASIC / Networking
$279.04
▲ +2.58%
Pre-mkt Vol: 363K · 5-min RVOL: 4.56× · ATR(14): $27.92 · Beta: 1.08 · Mkt Cap: $244B
Catalyst
Bounce from Tuesday’s −9.36% AI-selloff panic. BofA raised MRVL price target to $365 from $240 (Buy), citing AI as a potential “$1 Trillion opportunity” for the chip ecosystem. MRVL has surged 247% YTD as the premier ASIC and optical networking chip designer for hyperscaler AI data centers (Microsoft, Amazon, Google). Micron Q3 earnings tonight serve as a read-through: strong HBM/AI memory demand from MU directly validates MRVL’s customer capex environment.
Why It’s Moving
Institutional dip-buyers are accumulating the highest-conviction AI chip name after yesterday’s panic selloff. MRVL’s custom ASIC business insulates it from generic GPU commoditization concerns — it’s the quality name in AI silicon. Prior-day red candle after a 247% YTD run + catalyst gap is the exact prototype of the best A+ setups (RKLB May 8/11 template). Watch for RVOL to confirm above 3× at the 9:35 open candle.
Key Daily Price Levels
VWAP anchor: ~$275–278 (gap fill zone from Tuesday damage). Opening range: 9:30–9:35 candle sets the range. 20-day MA: ~$265 (support). ATR(14): $27.92 → daily expected move ±$28. Long bias above VWAP; cut below $270.
Support & Resistance
Support: $270 (pre-mkt low area), $260 (prior base). Resistance: $285 (yesterday’s open), $295 (pre-crash high), $300 (psych round).
Sources: TradingView scanner · BofA analyst note (Jun 2026) · Yahoo Finance · MarketScreener
AAOI #2
Applied Optoelectronics, Inc. · AI Optical Transceivers / Data Center Interconnect
$147.44
▲ +2.41%
Pre-mkt Vol: 102K · 5-min RVOL: 3.62× · ATR(14): $23.24 · Beta: 1.85 · Mkt Cap: $11.8B
Catalyst
Hard near-term catalyst: AAOI begins shipping its 1.6 Terabit optical transceiver order on July 1 — just 7 days away. Rosenblatt raised price target to $220 from $140 (Buy) this month. Nvidia’s CEO publicly endorsed AI optics as a critical infrastructure layer. AAOI is expanding Texas manufacturing capacity by ~350% (laser fabrication by Dec 2027). The company also expanded its QuantumLink software relationship with Spectrum beyond hardware. Pre-market range today: $145.26–$163.00, settling ~$150+ at open.
Why It’s Moving
AI data center bandwidth requirements are exploding as hyperscalers scale from 100G to 800G+ optical interconnects. AAOI is a direct pick-and-shovel play on that trend. With the 1.6T order shipping imminently and Rosenblatt’s PT implying 49% upside from current levels, this is one of the cleanest near-term fundamental stories on the scanner. The AI bounce today gives optical names a clean entry point. ATR $23.24 makes this a strong intraday dollar-range candidate.
Key Daily Price Levels
VWAP anchor: ~$145–148 (pre-market trading zone). Opening range: first 5-min candle above $150 = continuation signal. ATR(14): $23.24 → wide dollar range, size accordingly. Long bias above $147 VWAP; stop below $143. 20-day MA: ~$130 (deep support). Rosenblatt PT: $220.
Support & Resistance
Support: $143 (pre-mkt base), $135 (prior consolidation). Resistance: $163 (pre-mkt high today), $175 (recent swing), $220 (analyst PT).
Sources: TradingView scanner · Rosenblatt (PT $220) · SimplyWallSt · AAOI investor news · Nvidia CEO commentary
DFTX #3
Definium Therapeutics, Inc. · Health Technology / CNS / Phase 3
$36.18
▲ +5.44%
Pre-mkt Vol: 172K · 5-min RVOL: 5.20× · ATR(14): $2.45 · Beta: 2.05 · Mkt Cap: $3.9B
Catalyst
Hard Phase 3 clinical trial catalyst announced June 22: DT120 ODT (precision LSD-based tablet) met its primary endpoint in the Phase 3 Emerge study for major depressive disorder (MDD). MADRS improvement: −13.3 vs −5.2 placebo (p<0.0001, placebo-adjusted −8.1). This is a rare, clean binary catalyst — NDA filing pathway now cleared. Company simultaneously announced a $500M secondary offering; dilution largely absorbed after day 1.
Why It’s Moving
Day 3 of continuation momentum. CNS catalysts with statistical significance at p<0.0001 historically hold gains in the weeks post-announcement as NDA timelines get priced in. The $500M offering overhang has cleared. RVOL 5.20× on day 3 — not retail chasing, institutional accumulation ahead of expected NDA announcement. Highest gap of all qualifying longs in the scanner at +5.44%.
Key Daily Price Levels
VWAP anchor: ~$35.50 trailing upward from open. Opening range: watch $36.00–$37.50 first 5-min candle. ATR(14): $2.45 → expect $2–3 intraday range. Long bias above $35; hard stop below $33.50 (offering price zone). 20-day MA: ~$28–30.
Support & Resistance
Support: $34.50 (offering price area), $32 (pre-announcement base). Resistance: $38 (peak post-announcement), $42 (measured move target).
Sources: TradingView scanner · StockTitan (SEC 424B5 filing) · ts2.tech Phase 3 catalyst report · Definium press release Jun 22
CLSK #4
CleanSpark, Inc. · Bitcoin Mining / Crypto Infrastructure / AI Compute
$17.19
▲ +2.00%
Pre-mkt Vol: 163K (avg ~20.9M/day) · 5-min RVOL: 4.12× · ATR(14): $1.38 · Beta: 4.02 · Mkt Cap: $4.4B
Catalyst
Bitcoin at ~$62,250 with a risk-on macro backdrop from the Iran deal. CleanSpark’s May 2026 operational update showed rising mining output and accelerating AI/GPU compute infrastructure pivot. Bernstein and Northland Securities both reiterated Buy ratings in June. Beta 4.02 means CLSK amplifies Bitcoin moves roughly 4:1 — on a risk-on day with BTC stable, CLSK gets a leveraged bid from institutional rotation into high-beta crypto proxies.
Why It’s Moving
Iran deal → risk-on → Bitcoin proxy names catching the first wave of institutional rotation. CLSK’s dual narrative (BTC mining + AI GPU hashrate infrastructure) gives it fundamental justification beyond pure crypto speculation. RVOL 4.12× in pre-market confirms real buyer interest. Best-positioned crypto name on today’s scanner given the highest Beta (4.02) among the qualified long setups.
Key Daily Price Levels
VWAP anchor: ~$16.90 (pre-market gap zone). Opening range: $17.00–$17.50 first 5-min candle. ATR(14): $1.38 → $1–1.50 intraday range. Long bias above $16.80 VWAP; cut below $16.40. 20-day MA: ~$16.00.
Support & Resistance
Support: $16.40 (pre-mkt gap fill), $15.80 (prior base). Resistance: $17.80 (recent supply), $19.00 (May highs).
Sources: TradingView scanner · TipRanks (CleanSpark catalyst) · Bernstein/Northland ratings · Bitcoin price: Fortune (Jun 23)
FLNC #5
Fluence Energy, Inc. · Grid-Scale Battery Storage / AI Data Center Power / Clean Energy
$21.21
▲ +3.25%
Pre-mkt Vol: 104K · 5-min RVOL: 3.86× · ATR(14): $3.14 · Beta: 3.35 · Mkt Cap: $3.9B · Prior day: −15.8%
Catalyst
Two converging catalysts: (1) Iran deal + Strait of Hormuz reopening → WTI crude −5%+ → capital rotates from traditional energy into clean energy alternatives; Fluence’s grid-scale battery storage directly benefits from energy transition acceleration. (2) Fluence announced its latest Smartstack platform expansion today — an AI-powered battery management and grid optimization software — alongside a strategic AI data center collaboration with Nvidia and Siemens. Q2 revenue +8% YoY to $465M; FY26 guidance reaffirmed with significant growth from data center MSAs.
Why It’s Moving
After cratering −15.8% yesterday in the broader AI/tech selloff, FLNC is bouncing on a perfect storm of catalysts: macro (Iran deal / clean energy rotation), fundamental (Smartstack AI platform launch), and strategic (Nvidia + Siemens data center partnership). The stock is up 265% YoY, making this a momentum continuation name on bounce day. Beta 3.35 with prior-day red + gap today is the exact setup profile.
Key Daily Price Levels
VWAP anchor: ~$20.80–$21.00 (gap fill from yesterday’s collapse). Opening range: first 5-min candle above $21.50 = continuation signal. ATR(14): $3.14 → expect a $3 intraday range. Long bias above $21.00; stop below $20.00. 20-day MA: ~$19.50 (now below, acting as support).
Support & Resistance
Support: $20.00 (psychological), $19.50 (20-day MA). Resistance: $22.50 (prior supply), $24.00 (pre-selloff level).
Sources: TradingView scanner · Fluence IR (Smartstack announcement) · Reuters (Iran deal) · Seeking Alpha · Google Finance FLNC
Research Themes
🔭 AI Optical Interconnect — The Next Bottleneck
As AI clusters scale to tens of thousands of GPUs, the bandwidth between chips becomes the binding constraint. Optical transceivers and photonic interconnects are the critical infrastructure layer. AAOI ships its 1.6T order July 1; POET’s integrated photonics platform is ramping; MRVL’s optical networking ASICs are in every major hyperscaler. Nvidia’s CEO publicly endorsing AI optics and Rosenblatt’s $220 PT on AAOI confirm this theme has institutional backing. The Monday bounce in these names is buy-the-dip, not speculative chasing.
Tickers: AAOI · MRVL · POET · CIEN · LITE · FNSR
🤖 AI Chips Dip — MU Earnings as Acid Test
Tuesday’s “chip wreck” — chip index −8%, Micron −13%, Nasdaq −3.3% — raised the bubble question. MU’s earnings tonight (consensus EPS $20.20, revenue +272% YoY on HBM/AI memory demand) are the definitive answer. A beat with strong AI memory guidance = confirmed dip-buy across MRVL, AMD, NVDA, AAOI. A miss or cautious guide = Chapter 2 of the selloff. Today’s bounce is pre-positioning, not confirmation — treat it as such. Trade the setup; let MU set the trajectory.
Tickers: MRVL · AAOI · AMD · NVDA · SMCI · ARM · MU (watch/catalyst only)
🕊️ Iran Deal → Clean Energy Rotation
WTI crude down 5%+ on the Strait of Hormuz reopening — the biggest single-day oil move in months. Capital is rotating from XLE into clean energy: battery storage (FLNC), hydrogen fuel cells (FCEL), solar (RUN), and next-gen nuclear (OKLO, NNE). The EIA inventory report at 10:30 AM could amplify or partially reverse the crude move. This is a thematic / geopolitical trade — size accordingly, monitor for any deal breakdown. FLNC and FCEL are the two highest-quality scanner names for this theme.
Tickers: FLNC · FCEL · RUN · PLUG · BE · OKLO · NNE · CEG
Secondary Movers
| Ticker | Company | Price | Gap % | Pre-mkt Vol | Note |
|---|---|---|---|---|---|
| FCEL | FuelCell Energy Inc. | $21.82 | +17.69% | 1.41M | ⚠️ Gap exceeds 15% filter — excluded from Top 5. Iran deal / clean energy rotation play. 1.41M pre-mkt volume shows genuine interest. Only trade with size discipline; high gap-and-crap risk. Confirm continuation above $21 on open before considering. |
| RUN | Sunrun Inc. | $12.81 | +19.67% | 2.73M | ⚠️ Gap exceeds 15% filter. Solar proxy on Iran deal / oil collapse. ATR only $0.90 limits intraday dollar range. Watch for fade; gap-and-crap risk is high at this gap size. No specific company-level catalyst found — purely macro-driven. |
| APH | Amphenol Corporation | $158.70 | +2.08% | 114K | Large-cap electronic connectors used in AI data center hardware, defense, and EV. RVOL 7.18× — the highest relative volume on the scanner; remarkable for a $195B market cap. Clean gap within filter. Watch as a confirmation of broad AI infrastructure bid; less tradeable intraday but worth monitoring. |
| POET | POET Technologies Inc. | $10.73 | +2.42% | 127K | AI photonics / optical interconnect — demoted from Top 5 in favor of larger-cap AAOI. Same AI data center optical theme; tighter dollar ATR ($1.78) but higher Beta (2.45). Valid alternative if AAOI gaps too wide on the open. RVOL 5.74× = strongest relative volume reading on the scanner. |
| MARA | MARA Holdings Inc. | ~est. | ~est. | — | JPMorgan recently upgraded to Overweight. Bitcoin $62K + Iran risk-on = crypto mining tailwind. AI/energy pivot narrative. Alternative to CLSK for Bitcoin proxy exposure. Confirm price and gap at open — ~est. data, scanner did not capture. |
Overnight Intelligence
🌍 Geopolitical
🕊️ US–Iran nuclear deal signed — Strait of Hormuz reopens; WTI crude −5%+
🏛️ War powers resolution passes House & Senate — political backdrop noisy
📉 Trump approval at 34% — Reuters/Ipsos poll, lowest of second term
⚠️ Iran nuclear inspection terms still in dispute — “Questions surround fragile peace talks” (Reuters)
🪙 Crypto / Digital Assets
₿ Bitcoin ~$62,250 (Jun 23 close) — risk-on + Iran deal support
📊 CLSK, MARA, IREN, RIOT getting pre-market bids on risk appetite return
🏦 JPMorgan upgraded MARA to Overweight; IREN and RIOT cut to Neutral (same note)
🤖 MARA + IREN both pivoting toward AI GPU compute infrastructure — dual narrative
📊 Asia / Global Markets
🇰🇷 South Korea KOSPI −10% Tuesday — chip-heavy index hit hardest
🌏 Global AI stocks slumped in unison Tuesday — Reuters Trading Day: “Chip Wreck”
🔄 Asian markets recovering overnight on US futures green + Iran deal risk-on
⛽ OPEC+ monitoring Strait of Hormuz deal impact on global oil pricing dynamics
🤖 AI Sector Watch
🧠 SoftBank’s Son calls AI bubble talk “blasphemy” — Reuters Morning Bid debate
💾 MU bouncing ~4% pre-mkt at ~$1,100 after −13% Tuesday crash; reports tonight AMC
📈 CRWV + NBIS added to Nasdaq-100 — index inclusion creates technical headwind near-term
🔭 AAOI 1.6T order ships July 1; Rosenblatt PT raised to $220; Nvidia CEO endorses AI optics
⚡ FLNC launched Smartstack AI platform + Nvidia/Siemens data center collaboration
📰 Yahoo Finance: “A sinking Micron reports into a sharp tech sell-off”
The Days Ahead
| Date | Event / Description |
|---|---|
| Today Jun 24 | MU Q3 Earnings (AMC) · EIA Crude Inventories (10:30 AM ET) Micron is the decisive AI trade catalyst this week. EIA data amplifies or fades the Iran deal oil move. AAOI 1.6T order shipping window begins in 7 days. |
| Thu Jun 25 | Q1 GDP Final (8:30 AM) · Durable Goods Orders May (8:30 AM) GDP consensus +1.6%, Durable Goods +0.2%. A GDP miss + weak durable goods = growth scare narrative that would pressure tech. Watch for MU post-earnings momentum to carry over or unwind. |
| Fri Jun 27 | PCE Price Index (May) · Consumer Sentiment Final · Q2 End PCE is the Fed’s preferred inflation measure. Any upside surprise caps rate-cut expectations. Q2 ends Friday; window dressing buying peaks Thursday–Friday — favorable for growth names. |
| Mon Jun 30 | Q2 Official Quarter End · Portfolio Rebalancing Large institutional rebalancing flows. Can create outsized moves in index names. Reduce position risk into the Friday close. |
| Tue Jul 1 | Q3 Begins · ISM Manufacturing PMI · AAOI 1.6T Order Ships First day of Q3 brings fresh capital allocation and new quarter positioning. ISM sets economic tone. AAOI begins shipping 1.6T order — potential gap event if hyperscaler confirms delivery. |
| Next Wk Jul 2–3 | Holiday-Shortened Week · July 4 Friday Light volume, narrow ranges expected Thursday–Friday. Size down into the holiday weekend. Q3 positioning themes will emerge Monday–Tuesday. |