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Tech sold and oil bid into the weekend as Iran/US updates await - Newsquawk US Market Wrap

Trump admin reportedly sending dozens of additional refueling planes to Israel in preparation for a potential expansion of military operations against Iran; UoM Prelim July report tops expectations; Armed assailants boarded a chemical products tanker Asana in the Gulf of Aden; XOM chartered tanker Nordic Zenit attacked on approach to Black Sea CPC terminal; NFLX guidance underwhelms; META is in talks to rent computing power from its AI data centers to Anthropic; BoJ reportedly sees little need for consecutive rate rises; Mixed US import/export prices.

Follow The Money In The Deepening Semis Slump

The argument that this memory cycle is in fact structural is about to be tested by the humdrum: rising mortgage rates, a housing slowdown, credit tightening and a drop off in demand and investment...

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Goldman's Asian Desk Explains Today's Crash In Japan

"Investors starting to worry about high bars set for this earnings quarter, esp tech related.... more investors starting to fear that just “good result” is not enough to support the market given high bars set, rather we need “massive positive surprise”.