MAG7 : BIG cash burn! / MSFT, Anthropic, OpenAI / FED minutes / SpaceX coming back to earth / NATO headlines

sc0172
10 hours ago
2 min read

Iran updates : wasn't this over ? The US said it completed fresh strikes against Iran, hitting some 90 military targets along the coastline. Iran launched missiles and drones at US bases in Kuwait and Bahrain, state-run Press TV reported, Hormuz Traffic Grinds to a Near Halt as Ceasefire Under Threat
Markets : something we been talking about for a while...MAG7 are now burning cash relative to the Chipmakers (Thread), SpaceX below IPO level (coming back to earth!..), FED official split over direction of interest rates (minutes), Japan considers policy wording change as BOJ independence fears roil bonds >>> FX szteady to boring still !, rates steadily higher still !, plenty of rotation within equity markets, overall valuation still too high, energy, oil related names beginnign to look interesting
MSFT just betrayed OpenAI and Anthropic, the two companies it helped build / Thread
Trump said Spain agreed to pay more after he threatened a trade embargo during the NATO summit. Meanwhile, Switzerland believes there’s a “good chance” of securing a lasting deal with the US at 15% tariff rates
Bank of England Governor Andrew Bailey confirms that Reform leader Nigel Farage “made his views… very clear” on cryptocurrencies and the development of a digital pound in a private meeting at the Bank last September….(no impact on their decision) and Farage’s £5m gift reported to UK crime agency over money laundering concerns (hence why Coutts closed his account..)
China consumer price growth weakens in June while producer inflation rises to near 4-year high