Risk appetite got a lift overnight. Stocks and bonds rallied on reports that the US is close to an Iran nuclear deal. Oil dropped to a three-month low on the news. That eases one of the biggest macro headwinds of recent weeks. European defence stocks reversed sharply, giving back some of their gains on renewed funding questions.
Gold sank to a six-month low. Speculative investors are exiting bullion. Analysts cite expectations of higher US rates, the Iran talks, and the looming SpaceX IPO as headwinds for the metal.
Short sellers are positioned for fireworks in enterprise software. WDAY heads into Tuesday's print with short interest up 41% in recent weeks — now at 14.3% of free float. GTLB faces its June 17 report with 15.1% SI % FF. Options expiries cluster tightly around both print dates. Bears have easy access to borrow on GitLab — availability stands at 943% of short interest. CarMax and also report later this week, with consumer credit and grocery margins in focus.
The Trump administration's move to restrict Anthropic AI model access for non-US citizens drew a sharp EU response today. Brussels called the measure "discriminatory against partners." Amazon and Alphabet — both investors in Anthropic — are in the crosshairs as transatlantic AI tensions rise.
Dell insiders filed nearly $699M in sales this week. Nvidia insiders added $224M in filings as shares hover near all-time highs. On the buy side, IFF saw two insiders purchase $20.3M worth of stock — a notable cluster bet at a company under pressure.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
