Market news
Crypto, stocks, forex and macro, aggregated for traders.
Fed's Goolsbee: Inflation Well Above Target, Moving Wrong Direction
Chicago Fed President Austan Goolsbee defended his dissent, stating inflation remains well above the central bank's target and moving in the wrong direction. He also noted a stable labor market but expressed concern over services inflation, calling for more evidence that price pressures are temporary.
Taiwan and South Korea Equity Inflows Hit Unprecedented Levels
Equity fund inflows into Taiwan have surged to 155% of assets under management since January 2024, the highest globally, with South Korea at 150%. Both markets are running at least 500% above others, and South Korea leads year-to-date at 45% of AUM.
Iran central bank says frozen assets can fund non-sanctioned goods
Iran's central bank governor stated that remaining frozen assets are not limited to essential goods and can be used to purchase other non-sanctioned items, according to Tasnim.
CFTC: Speculators Boost Bearish Bets on U.S. Treasuries
Speculators increased net short positions across most U.S. Treasury futures in the week ended June 16, with only long-bond shorts easing slightly, according to CFTC data.
CFTC: Yen Heavily Short at 150K Contracts; Euro Net Long, Bitcoin Net Long
CFTC positioning data for the week ended June 16 shows the yen heavily short at 150,132 contracts, the euro net long at 34,353, and the pound and Swiss franc net short. Bitcoin net long stands at 3,475 contracts.
Wind Turbine Technician Jobs to Grow 49.9% by 2034, BLS Says
The US Bureau of Labor Statistics projects wind turbine service technicians will be the fastest-growing occupation from 2024 to 2034, with 49.9% growth. Solar installers and nurse practitioners also see strong gains, while customer service roles decline.
Oil Prices Retreat as Geopolitical Premium Fades, Oversupply Fears Mount
Crude oil prices continue to decline as the market shifts focus from Middle East conflict risks to global oversupply concerns. Progress in US-Iran talks and weak demand from China are adding to bearish sentiment.
Oil Slides as Supply Glut Fears Replace Middle East War Premium
Crude oil prices are retreating to pre-war range as markets shift focus from Middle East disruption risks to oversupply concerns, driven by improving US-Iran talks and rising Hormuz traffic.
Europe's LNG Dependence on US Hits Near-Record ~60% of Imports
The US now supplies roughly 60% of Europe's LNG imports, near an all-time high, as the bloc's energy security increasingly ties to American gas.
US Treasuries Post Worst Real Returns Since 1980s, Structural Bear Market
Over the past decade, US Treasuries have delivered an average annual inflation-adjusted return of -3%, the worst since the 1980s, while the S&P 500 returned +12%. The gap between stocks and bonds is the widest since the 1960s.
Pre-Weekend Derisking Triggers Selling in Key Sectors, Not Peace Deal Fears
Stock bulls showed no fear of the long weekend, but selling hit key sectors before the close. The move is attributed to derisking rather than expectations that a peace memorandum could collapse.
Oil Prices Slide on Renewed Peace Talks Optimism
Oil prices fell sharply on Monday as optimism about peace talks between Russia and Ukraine dampened supply concerns, reversing earlier gains from a gap higher at the weekly open.
Iran’s Top Negotiator Travels to Oman to Discuss Strait of Hormuz Cooperation
Iran's chief negotiator will visit Oman for talks on bilateral cooperation and managing arrangements in the Strait of Hormuz, according to Foreign Minister Araghchi.
SOX Semiconductor Index Posts Historic Volatility, Up 175% in Year
The Philadelphia Semiconductor Index (SOX) has seen nine single-day gains of 5% or more in the last 60 trading days—a level last seen in January 2009. The index is up 175% over the past 12 months and trading at all-time highs.
TD Securities: Fed Hawkish Hold Through 2027
TD Securities forecasts the Federal Reserve will maintain a hawkish stance and keep policy rates unchanged through 2026, potentially extending into 2027.
TD Securities: Tight Summer Balances Support Higher Oil Prices
TD Securities analysts Ryan McKay and Bart Melek note that crude oil and petroleum product flows from the Middle East have rebounded sharply, but the surge is seen as temporary. Tight summer balances are expected to support higher oil prices.
Polish GDP Growth Slows in Q2, But 2026 Target Remains Achievable
Polish retail sales and construction output disappointed, causing Q2 GDP growth to fall below the 3.5% YoY rate seen in Q1. However, strong investment may still support a 3.4% growth rate by 2026.
Netanyahu Says IDF Has Full Freedom of Action in Southern Lebanon
Israeli Prime Minister Netanyahu stated that the IDF has no restrictions in southern Lebanon and will remain in a security zone as necessary to protect northern residents.
Dow, S&P Open Higher; Nasdaq Slightly Lower
The Dow Jones and S&P 500 edged higher at the open while the Nasdaq dipped slightly.
US Issues Iran Oil License, Allowing Iranian Oil Exports Until August 21
The US has granted Iran a general license for oil-related activities, permitting the production, delivery, and sale of Iranian crude and petrochemicals through August 21, marking the first official return of Iranian oil to global markets since 2018.
JPMorgan: Institutions Set to Sell $165B in Equities in End-of-Q2 Rebalancing
JPMorgan estimates institutional investors will sell up to $165 billion in equities and buy bonds in the largest quarter-end rebalancing in at least four years. Major sovereign wealth funds and pension funds are expected to lead the selling.
Data Center Expansion Faces Growing Local Opposition Over Environmental Concerns
Tech companies pushing for faster data center approvals are meeting resistance from communities worried about water, power, land use, and environmental impact.
Student loan defaults hit record high, consumer stress rises
A record increase in student loan defaults highlights growing repayment difficulties, raising red flags for household finances, consumer spending, and credit quality.
Zurich Insurance Warns Data Center Boom May Spur Securitized Insurance Products
Zurich Insurance warns that the scale of global data-center investments may exceed traditional insurers' risk appetite, potentially leading to securitized insurance products to distribute exposure.