Wednesday, July 29, 2026

Nvidia drops 5% leading chips lower. SK Hynix tanks on sales miss. Prediction markets price 20% chance of a surprise Fed hike today. That’s the day. Geopolitics: Zelenskyy says Putin doesn’t want ceasefire. More sanctions talk. Energy and grain trades watching this—no resolution means no relief. Earnings: Ford raises full-year profit outlook after a surprise Q2 beat. Good signal for the consumer. Auto credit holding up better than feared. Corporate: The Nvidia circular financing story is back. FT says the practice isn’t novel, but the optics are bad when the stock is down 5%. Watch the counterparties.

Nvidia drops 5% leading chips lower. SK Hynix tanks on sales miss. Prediction markets price 20% chance of a surprise Fed hike today.