Friday, July 10, 2026 // Ceasefire with Iran in tatters—US and Iran trade strikes across the Mideast. Nvidia’s $1 trillion rout has everyone asking buy or sell. S&P 500 earnings bar is sky-high but re

Geopolitics: The Iran deal is off, talks continue but bombs are falling. Gulf allies under missile attack. Oil supply risk is back on the table—watch crude. Tech/AI: NVDA’s wipeout—Cramer says don’t touch it on China hopes. Analysts call it immune to the semi sell-off, but the AMD vs NVDA growth debate is loud. SpaceX also in the spotlight. Macro/rates: Chicago Fed financial conditions tightened to -0.515—still loose. 10Y breakeven inflation 2.23%, credit spreads razor-thin at 0.94bp. Nothing’s broken yet. Earnings: The MAR piece is interesting—high bar for S&P 500 earnings, but the real juice might be in sectors that haven’t run yet. Good signal for value hunters. Prediction markets: 94.5% chance July payrolls print positive. Labor market remains a rock.

Geopolitics: The Iran deal is off, talks continue but bombs are falling. Gulf allies under missile attack. Oil supply risk is back on the table—watch crude.