China central bank adviser: Yuan close to equilibrium level

Industrials gain 12.9% but watch for turns. PESI sales down 10.2%, MRCY P/E 70.4x, PLOW P/E 18.1x.

RIVN & LCID stocks down 83-98%. AV market $41T by 2034. RIVN's software gains may offer upside.

Strait of Hormuz closure traps 10M bpd, risking recession. Recovery takes months, impacting global supply & growth.

Analysts warn the yuan faces earlier-than-usual seasonal weakness as Chinese firms hedge nearly $70bln in dividends, with June's $24.1bln peak a record. (pro tip - Much hedging is likely already done)

Oil prices surge on stalled Iran talks & Hormuz tensions. Traders eye $100+.

VRT surges 37.4% on strong growth, trading at 47.5x P/E. CARG up 7%, 10.8x EV/EBITDA. ZION lags peers, 1.2x P/B.

Burry bets on MSFT at 25x earnings, despite AI risks. Cloud growth at 39% signals potential.