Big news ๐ด
China gets special treatment in the Strait of Hormuz โ Iran is giving them priority access to the worldโs top oil route. Iran just moved closer to Beijing, making the US-China trade war worse. Markets are gonna feel this oneโฆ
$PLTR
Key part of the new Karp interview today:
โIโve been in business a long time. Critical infrastructure canโt run these models without an application layer, and that layer is our ontology. People arenโt buying because they love or hate meโtheyโre buying because t
Exxon Mobil Corp. is officially changing its name to ExxonMobil Holdings Corp $XOM โ the first time it's changed since the big Mobil merger over 25 years ago. Adding "Holdings" makes it cleaner, right?
Big news from South Korea ๐ฐ๐ท The Won just hit its lowest point against the U.S. Dollar since the 2008 financial crisis ๐๐ Guess the Won didn't come out on top this time ๐ซก
๐จ Big news from Iran
๐ฎ๐ท Iranโs lead negotiator Qalibaf just said live:
โWe wonโt talk to the U.S. until every term of the memo is met.โ
So the peace deal is on hold now.
This is really bad for markets...
Nvidia $NVDA has been lagging behind the S&P 500 $SPY for 6 straight trading days nowโthat's its longest weak streak compared to the market since last September ๐๐
Micron just cracked the top 10 in the S&P 500 with a 1.9% weighting.
Nvidia's share dropped from about 8.5% to 6.99%.
Apple went from 7.5% down to 6.18%.
The old-timers had to scoot over for the new guy.