UK gilt yields fell sharply this week — their biggest weekly drop since 2023. Chancellor Burnham's pledge to hold firm on fiscal rules drove the move. That pulled pressure off sterling and calmed nerves in European fixed income. Across Asia, markets ticked higher as investors tracked US-Iran diplomacy. Gold headed for a weekly loss as elevated oil prices fanned inflation concerns.
A packed earnings calendar arrives next week. AZO AutoZone kicks off Monday evening. CRM Salesforce, MRVL Marvell Technology, and COST Costco all report by Wednesday. AI demand is the key watch at Salesforce and Marvell. HPQ HP Inc. and Canadian bank BMO Bank of Montreal round out the week.
WOLF Wolfspeed remains the most extreme short in the market. SI hit 98.2% of free float on May 21 — up nearly 5 points in one week. Zero shares remain available to borrow. CHWY Chewy also drew fresh bears, with SI at 53.1%. COLM Columbia Sportswear saw the sharpest week-on-week jump among mid-caps, rising 3.6 points to 16%.
Bill Gates filed purchases of over $101M in RSG Republic Services shares this week. At CVS, board member Lawrence Robbins disclosed selling more than $317M in stock — one of the largest single-insider disposals in recent filings. Two institutional investors filed $35M in coordinated buys at genomics firm WGS GeneDx.
FT reports that SpaceX, OpenAI, and Anthropic IPOs could ignite a new Wall Street trading frenzy. Passive funds face pressure to absorb billions in new index shares when those listings arrive.
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.
