Strait of Hormuz the key for markets, crude / G7 in Canada / Fed still in a good place ? FOMC meeting up next

Stéphan
Jun 16
2 min read

Strait of Hormuz the key
Markets : pretty light reaction to the missile exchange over the weekend! in fact crude was up 4-5% initially, SPX traded 5960 area and here we are, plenty of fake news, quite hard to follow, some suggesting members of Iran's supreme leaders left to another country, state of the Natanz underground nuclear facility??, the key for crude and markets in general, remains the Srait of Hormuz, ECB's de Guindos seems relaxed about EURO strength and Trump's military parade was a bit of a flop (clearly some soldiers didn't want to be there and march! ..)
G7 in Canada today, it's like G6 vs Trump these days
FOMC meeting, is the FED still in a good ploace ? (..with crude prices higher..)
Companies are bullish on AI but remain skeptical of the payoff
Canada, UK agree to establish trade working group, expand defense collaboration
Walmart and Amazon are reportedly considering their own crypto #stablecoins
Emerging Markets stocks are underperforming U.S. stocks by the largest margin in more than 50 year (chart available on request)
S&P 500 looks expensive, but for good reason, BofA
Brad Gerstner : US export controls banning Nvidia in China are huge mistake - handing monopoly profits, data & developers in massive China mkt to Huawei will accelerate their AI stack around the world. Let Nvidia win, pin down Huawei, keep developers in Cuda & plow profits back into US
JPM expects Japan, EU, and China to outperform the US in the next 10-15 years
Vietnam has officially gained admission to BRICS as a “partner country” Another one.