S&P 5005,432.10 +0.82%|NASDAQ17,891.5 +1.14%|DOW39,240.3 -0.21%|GOLD$2,341 +0.55%|BTC$67,820 +2.31%|GBP/USD1.2734 -0.12%|OIL WTI$82.45 +0.38%|EUR/USD1.0821 +0.09%|10Y TREASURY4.32% +2bps|VIX14.82 -3.1%|S&P 5005,432.10 +0.82%|NASDAQ17,891.5 +1.14%|DOW39,240.3 -0.21%|GOLD$2,341 +0.55%|BTC$67,820 +2.31%|GBP/USD1.2734 -0.12%|OIL WTI$82.45 +0.38%|EUR/USD1.0821 +0.09%|10Y TREASURY4.32% +2bps|VIX14.82 -3.1%|
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Markets Wrap

Cross-asset analysis of equities, commodities, currencies, and bonds.

The Supreme Court Just Decided Trump Can't Fire the Fed. Markets Were Watching This Closely.
markets

The Supreme Court Just Decided Trump Can't Fire the Fed. Markets Were Watching This Closely.

In a 5-4 ruling, the Supreme Court blocked Trump from removing Federal Reserve Governor Lisa Cook, preserving central bank independence even as the same court expanded presidential power over nearly every other federal agency in a separate decision issued the same day.

5 min read·7d ago
Nvidia Is Now Worth $4.67 Trillion. Here's What Could Actually Break the Run.
markets

Nvidia Is Now Worth $4.67 Trillion. Here's What Could Actually Break the Run.

Nvidia's market cap hit $4.67 trillion on June 28, making it the most valuable public company in history — worth more than the entire stock markets of Canada and the UK combined. The bull case is obvious. The three risks that could end it are not.

5 min read·7d ago
Accenture Beat Earnings and Still Crashed 18%. Here's Why.
markets

Accenture Beat Earnings and Still Crashed 18%. Here's Why.

Accenture grew profits, beat EPS estimates, and generated $3.6 billion in free cash flow — then suffered the worst single-day stock drop in its history as investors bet AI is starting to eat the business that sells AI to everyone else.

4 min read·16d ago
Dow Drops 800 Points as Fed's Hawkish Pivot Drowns Out Iran Peace Deal
markets

Dow Drops 800 Points as Fed's Hawkish Pivot Drowns Out Iran Peace Deal

New Fed Chair Kevin Warsh delivered the most aggressive policy shock in years, scrapping forward guidance and signaling a 2026 rate hike hours after Trump's interim Iran deal sent oil prices tumbling.

3 min read·18d ago