Aron
July 1, 2026, 1:47pm
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I=6Nasdaq Composite sheds 0.8% while S&P 500 falls 0.5% as Kevin Warsh fails to give guidance update but said inflation is too high
Chip stocks were also hammered following a report that OpenAI engineers have found a way to cut inference costs by half. They could have reacted to report that Meta is planning to build its own cloud division as well.
I=6
Fed President Kevin Wash reiterates no “forward guidance” but said inflation is too high
“We’re all in the price stability business, that might not be our only business, but if there was a common thing I heard over the last couple of days, it was open-mindedness on these questions of AI, open-mindedness on productivity, but we’ve all looked around, and we’ve seen that prices are too high,” Warsh said
I=9
Meta shares rise 8% on report it’s building cloud business to sell excess compute
Meta plans to build a cloud infrastructure business that will sell access to AI computing power and models, Bloomberg reported citing people familiar with the matter.
The sources said the plans are still in development and Meta could change the strategy.
Meta shares rose by as much as 8% in pre-market trading following the report.
https://www.bloomberg.com/news/articles/2026-07-01/meta-is-building-a-cloud-b…
Aron
July 2, 2026, 12:59pm
88
I=6S&P 500 futures rose 0.4% while Nasdaq 100 futures gained 0.7% after nonfarm payrolls rose 57,000 in June, below 114,000 estimate
I=8
Nonfarm payrolls rose 57,000 in June, below 114,000 estimate
Nonfarm payrolls rose 57,000 in June, below 114,000 estimate and down from 129,000 in May (revised downwards from 172,000).
The report likely pushes the urgency of interest rate hike to September from July.
Unemployment rate fell to 4.2% from 4.3% but in line with estimates.
Labor force participation rate moved down to 61.5% from 61.8%.
Average hourly earnings rose 0.3% on the month, in line with estimate and unchan…
Aron
July 7, 2026, 8:35am
89
I=6S&P 500 futures shed 0.2% while Nasdaq 100 futures drops 0.8% as chip selloff resumes after Samsung earnings failed to please investors
Samsung beat revenue and earnings estimates in Q2 but the numbers were not far beyond what the market expected.
Aron
July 8, 2026, 8:43am
90
I=8S&P 500 futures falls 0.8% while Nasdaq 100 futures declines more than 1% as U.S.-Iran tensions return
I=8
U.S. launched a series of powerful strikes against IranIran in response to Iranian attacks on three commercial vessels
The U.S. carried out a series of powerful strikes on Iran in response to Iranian attacks on three commercial vessels transiting the Strait of Hormuz.
The U.S. Treasury Department also revoked a license allowing Iran to sell its oil globally in response to the attacks in the Strait of Hormuz.
President Trump also said he thinks ceasefire with Iran is officially over after …
