Flux Markets | Morning Macro Skip to main content

Morning Macro

Latest

Missile Strikes Continue, Hawkish Fed, Rhine’s Kaud Chokepoint at Lows

Oil surges on US-Iran tensions. Markets rotate into energy as yields rise, tech weakens, and Rhine drought disrupts logistics.

Energy prices spiked again. More missile strikes overnight between US-Iran, Donald Trump reinstating the blockade of the Straits and demanding a 20% fee on all cargoes shipped through the waterway, plus missile strikes between the Houthis and Saudi Arabia restart after 4 years ‘peace’.

14 July 2026

US-Iran Strikes Continue Overnight, FOMC Minutes Lean Hawkish

Stocks rally on Trump deal comments, Fed stays hawkish, China CPI misses, AI cash flows weaken, and fund manager cash hits record lows.
9 July 2026

US Strikes Iran, KOSPI Breaks Support, Chinese Real Estate Collapses

US strikes Iran; Brent +6%, stocks fall, yields and USD rise, while AI and broader market fragility remain in focus.
8 July 2026

Samsung’s Extraordinary Profit Increase, FX Positioning Gets Crowded, COMEX

Strong earnings fail to lift stocks as positioning dominates; yields rise, USD longs crowd, and credit stress builds.
7 July 2026

AI CapEx Booms, BofA Bull/Bear Indicator Hits 9.5, Upcoming Data

AI CapEx surges toward 3% of GDP, gold reserves rise, BofA flashes sell signal, US labour weakens ahead of key data.
6 July 2026

USD Continues to Weaken, Gold Stands Out, Gilts Modestly Softer

Weak US jobs cooled Fed hike bets, USD slipped, gold rallied, while JPY stayed in focus amid intervention warnings.
3 July 2026

Impending Fed Pivot, US Investors Deviate, Global Disinflation Broadens

Fed pivot nears as inflation cools. Crowded USD longs may unwind, supporting gold while markets overprice rate hikes.
2 July 2026

Precious Metals Decline, Worst Month for Microsoft Since 2000, S&P500 Gamma Collapse

Gold, silver and Bitcoin extend losses as AI drives market divergence, while sentiment remains stretched and volatility risks rise.
1 July 2026

Chinese PMI Bounces, Global Supply Chain Under Pressure

China PMIs improve as yen hits 1986 low; tech sells off, margin debt hits record, and global supply chain pressures rise.
30 June 2026

Sentiment Swings Towards Fear, Macro Risks Multiply, China Imports Gold

Crowded positioning raises reversal risk as consumer weakens, despite solid growth and tightening commodity fundamentals.
29 June 2026

Balanced Picture in the US Economy, Single Day Wipeout in Asian Markets, AI

Soft landing holds, but AI selloff wipes $1T from Asia as chip costs rise, Apple hikes prices and firms cut AI spending.
26 June 2026

Hedge Fund Net Shorts on Brent Up to $18Bn, Trump Announces Nuclear Loans

Fed hike odds rise, stocks slide, dollar surges. Micron leads AI rally as nuclear investment and housing show strength.
24 June 2026

Oil Prices No longer Driving US Treasury Yields, SpaceX IPO Loses over $600B

Yields hit cycle highs as rate hike bets rise; SpaceX tumbles, ETF inflows top $1T, and semis reach record exposure.
23 June 2026