Latest / The QuantAlpha Briefing
Jul 15 — US-Iran strikes, soft CPI, banks and chip deals
• The US struck Iran and Tehran retaliated, closing the Strait of Hormuz to shipping — a chokepoint carrying a fifth of global oil and LNG flows, now spiking energy prices and threatening Fed rate-cut timing. • June CPI posted its largest monthly drop since 2020, lifting stocks and crypto — Nasdaq gained ~1%, Bitcoin surged 4% to ~$65K, Ethereum jumped 7% to ~$1,890 — while IBM fell sharply on earnings. • Nvidia began delivering H200 chips to China as restrictions eased; CXMT filed for a ~$10B Shanghai IPO; Open USD stablecoin launched by ~140 firms including Stripe and Coinbase, sending…
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