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MIB Daily: Chips Crack and Oil Spikes on Hormuz Attacks — A Hawkish-Dovish Fed Split Meets Hot Inflation Data as Capital Rotates Into Energy and Healthcare

By RecessionALERT on July 7, 2026 in Reflections

Chip stocks cratered despite Samsung’s blowout profit — Intel -9.66%, Nasdaq 100 -1.77% — as Reuters reported DeepSeek is building its own AI chip. NY Fed inflation expectations hit 3.7%, highest since 2023, lifting the 10-year 7bps and exposing a Hammack-hawkish, Williams-dovish Fed split before the July 28-29 FOMC. Oil spiked 5.3% after Iran struck tankers near Hormuz and Washington revoked Tehran’s export license. Healthcare’s rotation rally extended; Rivian sank 18% on a $1.5B raise, SpaceX slid 6.34% in its Nasdaq-100 debut.

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MIB Daily: AI Is the Inflation the Fed Can’t Fight — JOLTS Beat #5 Lifts September Hike to 60%, USMCA Annual Track; Tech Most Exposed Thursday NFP

By RecessionALERT on June 30, 2026 in Reflections

JOLTS beat for a fifth straight month at 7.594M, driving September rate-hike probability to 60%+ — same session S&P 500 closed Q2 +14.9% (best since 2020) and the Dow hit an all-time high. Cleveland Fed’s Hammack: AI infrastructure demand is a structural inflation force; rate hikes may be necessary. USMCA clean extension rejected — $1.5T North American trade enters annual review limbo. House Select probed MRK, LLY (-2.48%), PFE, ABBV, BMY over PLA hospital trials. SNDK +10.89% on $3,000 Bernstein PT.

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