Tuesday, June 30, 2026: Dow closes above 52k for the first time as the US-Iran truce holds. AI boom seen powering 22% S&P 500 earnings growth this quarter, per Wells Fargo. AMD keeps crushing NVDA in

Geopolitics: US envoys arrive in Qatar but Iran peace talks progress is in doubt. China calls for a lasting Gaza ceasefire at the UN. Oil climbs alongside global stocks, eyes on the interim deal. Tech/AI: AMD's rally vs NVDA is the trade of the year. NVDA fights back with Project Groot for humanoid robots. Rotation thesis picks up steam — AVGO, MU, AAPL in play. Macro/Rates: Chicago Fed financial conditions hit -0.52, easiest in years. 10Y breakeven inflation ticks up to 2.22%. HY OAS stays at 2.80bp — credit markets are yawning. China/HK: Headline PMI looks stronger but domestic demand is sputtering. ING flags a worrying divergence — the China engine is running on fumes. So what? Records and rotations. Dow 52k, AI earnings tailwind, but geopolitics fragile and China weak. The money is chasing AMD/AVGO over NVDA, while credit and Treasuries stay placid. Keep one eye on that yield curve shift and one on Qatar. Quant Picks (model confidence >= 70): $EIX — +4.5% vs Utilities (6m), co

Geopolitics: US envoys arrive in Qatar but Iran peace talks progress is in doubt. China calls for a lasting Gaza ceasefire at the UN. Oil climbs alongside global stocks, eyes on the interim deal.