Markets Amazon Prime Day Household Spending Down 16% as Shoppers Pull Back Amazon Prime Day household spending is down about 16% versus last year per Numerator, with shoppers favoring essentials and demanding deeper discounts.
Politics Pentagon Reinstates Mandatory Flu Shots for Recruits Amid Lackland Outbreak The Pentagon reinstated mandatory flu shots for all military recruits as an outbreak at Lackland Air Force Base hit 275 cases, reversing an April policy that made the vaccine optional.
Real Estate Redfin: Home prices are picking up again as costs hit fresh highs Redfin says home prices are climbing again, with the median U.S. sale price at a record $403,889 and monthly housing payments at a one-year high even as pending sales fall for a fifth straight week.
Macro 40% of Investors See a No-Landing Scenario, BofA Survey Shows Bank of America's latest fund manager survey shows 40% of investors now expect a no-landing scenario, nearly double the August reading, while 47% still see a soft landing and just 5% expect a hard landing.
Geopolitics U.S., Iran Agree on Roadmap for Final Deal, Plan to End Lebanon Operations U.S. and Iran agreed on a 60-day roadmap toward a final deal, with a Lebanon deconfliction cell and a reopening of the Strait of Hormuz. Oil, defense and tanker names are in focus.
Markets Dimon: Bull Market Is Like a ‘Little Tsunami’ That’s Hard to Stop JPMorgan’s Jamie Dimon called the current bull market a ‘little tsunami’ that’s very hard to stop — while warning that geopolitical and long-term economic risks are being underpriced by investors.
Macro Factory Job Cuts Near 2009, COVID Levels as Manufacturers Slash Headcount S&P Global says US factory job cuts in June ran near their highest levels since the 2009 financial crisis and the COVID pandemic, even as the headline manufacturing PMI beat expectations at 55.7.
Macro BofA Now Sees Three Fed Rate Hikes in 2026 on Sticky Inflation Bank of America reversed its Fed call and now expects three 25bp hikes in September, October and December 2026, citing sticky inflation and a hawkish Warsh-led FOMC.
Markets Alan Greenspan, Former Federal Reserve Chair, Dies at 100 Alan Greenspan, former Federal Reserve Chair, dies at 100. His policies shaped decades of U.S. monetary policy and economic growth.
Markets Wells Fargo sets 2027 S&P 500 target at 8,600–8,800 Wells Fargo Investment Institute set a 2027 year-end S&P 500 target of 8,600–8,800 and lifted its 2026 range to 7,800–7,950, driven mostly by higher earnings forecasts rather than multiple expansion.
Geopolitics Trump warns Iran: close Strait of Hormuz and negotiators won’t go home Trump told Fox News that if Iran closes the Strait of Hormuz, its negotiators won’t make it home. Talks in Switzerland were briefly suspended as oil and defense names stay in focus.
Markets Trump Says Stocks Should Go Up After Strong Jobs Report Sparks Selloff Trump said stocks should have rallied on a strong May jobs report, but the Nasdaq logged its worst day in over a year as rate-hike odds jumped to 67%.
Geopolitics Israeli Strikes Hit Lebanon Hours After US-Iran Truce, Family of Four Killed Israeli airstrikes killed a family of four in southern Lebanon hours after a US-Iran truce took effect, putting the ceasefire framework and oil and defense names back in focus.
AI Bezos: AI Will Create a Labor Shortage, Not Replace Workers Jeff Bezos told VivaTech that AI will create a labor shortage rather than replace workers, even as AI-linked layoffs accelerate. Here is what it means for the AI trade.
Markets JPMorgan: $165B in stock selling could hit markets next week JPMorgan estimates up to $165B in quarter-end equity selling could hit markets next week as pension funds and sovereign wealth funds rebalance after a strong run for stocks.
Politics 38% of Americans Doubt U.S. Will Remain Unified in 250 Years A Reuters/Ipsos poll reveals 38% of Americans doubt the U.S. will remain a single country in 250 years, with 64% concerned about democracy's stability.
Geopolitics Iran Closes Strait of Hormuz Again Over Israeli Strikes on Lebanon Iran says it has closed the Strait of Hormuz again over Israeli strikes on Lebanon, threatening the new U.S.-Iran ceasefire. CENTCOM says traffic is still flowing.
Geopolitics Iran Publishes Signed US Memorandum of Understanding, Deal Now in Force Iran has published the fully executed US-Iran Memorandum of Understanding, with the deal now in force. Hormuz reopens, crude waivers begin, and a 60-day nuclear negotiation window starts.
Markets Traders Anticipate Two Fed Rate Hikes by Q1 2027 Market participants are pricing in two Federal Reserve rate hikes by the end of Q1 2027, reflecting expectations of tighter monetary policy ahead.
Geopolitics Trump: Unfair for Iran to Lack Ballistic Missiles If Others Have Them Trump said it would be unfair for Iran to lack ballistic missiles if neighbors like Saudi Arabia and Qatar have them, as the freshly signed US–Iran MOU reshapes Gulf risk for oil and defense names.
Geopolitics US and Iran Electronically Sign MoU to End War, Reopen Strait of Hormuz The US and Iran electronically signed the Islamabad Memorandum of Understanding to end their war. The Strait of Hormuz reopens and the US naval blockade unwinds, with a 60-day window to negotiate a final deal.
Markets Trump Says He Expects Stocks to Keep Climbing Trump says he expects the stock market to keep going up, citing the Iran ceasefire and record highs. Here is what traders should watch as valuations stretch.
AI Bezos: AI Will Create a Labor Shortage, Not Mass Unemployment Jeff Bezos says AI will create a labor shortage, not replace workers, putting him at odds with mounting tech layoffs and Goldman Sachs estimates of 16,000 AI-driven job losses per month.
AI AI Won’t Bring a Jobs Apocalypse, But It May Quietly Degrade Work Bloomberg argues AI’s real labor market impact won’t be mass layoffs or a productivity boom, but a quiet erosion in the quality of the jobs that remain. Here is what it means for the AI trade.
Markets Trump Threatens 100% Tariff On French Wine Over Tech Tax Trump threatened 100% tariffs on French wine and champagne unless Macron scraps the 3% digital services tax targeting GOOGL, AMZN, META, and AAPL ahead of the G7 summit.
