‼️ Dow futures drop 300 points as Treasury yields reverse Bessent-driven decline. Bond market respite is temporary. Long duration yields will climb further
‼️ 🧠 MARVELL TECHNOLOGY AGREED TO ALLOW ALPHABET’S GOOGLE TO PURCHASE UP TO $12.2 BLN OF ITS SHARES IN EXCHANGE FOR CHIPS, HIGHLIGHTING CONTINUED STRONG DEMAND FOR AI-RELATED SEMICONDUCTOR CAPACITY, AS EASIER TREASURY CONDITIONS AND LOWER LONG-TERM YIELDS BOOSTED RISK ASSETS.
‼️ 🇦🇺 Australia’s housing downturn is accelerating, pressuring major banks as mortgage demand and investor lending fall and home prices retreat from their March peak amid higher rates and tax changes.