Wednesday, June 24, 2026 — Iran ceasefire teeters on nuclear inspection row; Nvidia stalls at $200 dragging semis lower; FedEx crushes Q4.

Trump touts Iran breakthrough but 67% of Americans back the deal, even as a nuke inspection dispute clouds the truce. FedEx (FDX) blows past Q4 estimates — shipping demand stays resilient, quieting some hard-landing chatter. NVDA -1.1% at $200.65, stalls at the big number — Jensen Huang isn’t worried but the chart says breakout or breakdown from here, with AMD and AVGO also sliding. Real yields grind to 2.21%, up 14bp in 13 weeks, and the FT warns the Treasury market sits on shakier ground — credit spreads still pinned at 0.93bp, for now. So what? Nvidia’s $200 ledge and rising real rates keep risk tight — watch that breakout or breakdown, and whether the Iran truce holds or cracks. Quant Picks (model confidence >= 70): $EIX — +5.3% vs Utilities (6m), confidence 88 $INTU — +5.1% vs Technology (6m), confidence 88 $SBAC — +4.0% vs Real Estate (6m), confidence 88 $LULU — +3.6% vs Consumer Cyclical (6m), confidence 88 $GEHC — +3.3% vs Healthcare (6m), confidence 88

Trump touts Iran breakthrough but 67% of Americans back the deal, even as a nuke inspection dispute clouds the truce.