July payrolls contracted 23,000 against +83,000 expected — and the S&P 500 closed at a record 7,757.46 anyway, capping its best week since April. September hike odds collapsed from above 50% to 40%. Gold ripped 2.31% to $4,398.87; copper fell 1.87%. Energy was the only sector down more than 1% as crude surrendered Thursday’s Hormuz spike. Trump’s polysilicon tariff sent First Solar up 9%. And the White House restarted its bid to remove Fed Governor Lisa Cook.
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MIB Daily: Wall Street Bet a 23K Payrolls Miss Was Dovish as GDPNow Tracks 5.8% — S&P Hits a Record 7,757, Hike Odds Fall to 40%, and Washington Moves to Remove Fed Governor Cook; Favor Small-Caps, Utilities Over Energy
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MIB Daily: GOOGL -7.13%, TSLA -14.52% as AI Spending Meets Its Reckoning — Brent’s Run to $100 Leaves the Fed No Room, Energy Alone Gains
Alphabet and Tesla cratered — GOOGL -7.13%, TSLA -14.52% — after both guided capex well above expectations, dragging the Nasdaq 100 down 1.87%. Brent crude topped $100/bbl as Houthi strikes hit Saudi tankers, opening a second Red Sea front alongside the Hormuz standoff. Rate markets threw a tantrum — July hike odds near 47%, September at 82% — as jobless claims hit a 1969 low leave the Fed with zero cover on oil-driven inflation. Oracle slid despite nearing a $20B Meta deal.
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