UK gilts staged their biggest weekly yield drop since 2023. Chancellor Burnham pledged to stick to fiscal rules. That calmed nerves around British debt after weeks of pressure on Prime Minister Starmer. European stocks have traded in a volatile range. Iran tensions drove markets in both directions this week. A US-Iran peace deal remained in flux, with the Supreme Leader reported to have ordered uranium to stay in the country.
Tech and retail dominate the calendar next week. CRM Salesforce reports Q1 2027 results Wednesday. MRVL Marvell Technology follows the same day. COST Costco drops Q3 numbers Thursday. AZO AutoZone opens the week Tuesday. Canadian banks round out the week — BMO, RY, and all report Thursday and Friday.
Short sellers remain aggressive in several names. WOLF Wolfspeed sits at 98.2% short interest as a percentage of free float. Availability has hit zero. CHWY Chewy carries 53.1% SI % FF with ample borrow still available. Micro-caps are seeing the sharpest moves — LRHC La Rosa Holdings jumped from 20% to 80.7% in one week.
FT reports that SpaceX, OpenAI, and Anthropic IPOs are expected to ignite a Wall Street trading frenzy. The prospect of high-profile listings is drawing fresh attention to growth and AI-linked equities. Passive funds are also set to dump billions in shares to make room for new index entrants.
Bill Gates filed purchases of over $93 million in RSG Republic Services across multiple days this week. CVS saw a board member file sales of $262 million. The split signals diverging views at the top — accumulation in waste management, exits in healthcare retail.
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.
