Monday, June 29, 2026: US-Iran truce on the brink after fresh Hormuz strikes. NVDA maps a $1T opportunity beyond GPUs. PBOC surprises with new overnight tool, no rate released.

That ceasefire is already splintering — both sides trade fire while talks limp on. Oil markets tense, ASX 200 ekes out 0.36%. NVDA +0.8%: Anthropic runs on GB300 in Azure, plus a 170k-GPU build in Indonesia. MU touted as “the new NVIDIA,” analysts 95% bullish on NVDA. Chicago Fed financial conditions hit -0.516, loosest in a while. Banking max lending rate drops to 34.78%. AUD/CAD range-bound as rate paths diverge. PBOC’s overnight debut drops zero rate guidance. A quiet signal or a missed beat? China watchers squint. So what? A fragile truce whipsaws crude, while AI spend keeps flowing into NVDA, MU, AVGO. If Hormuz blows up, bonds-as-haven get tested — and new research says they might flunk. Quant Picks (model confidence >= 70): $EIX — +5.4% vs Utilities (6m), confidence 88 $INTU — +5.1% vs Technology (6m), confidence 88 $HPQ — +4.0% vs Technology (6m), confidence 87 $CLX — +3.6% vs Consumer Defensive (6m), confidence 88 $CF — +3.6% vs Basic Materials (6m), confidence 88

That ceasefire is already splintering — both sides trade fire while talks limp on. Oil markets tense, ASX 200 ekes out 0.36%.