Tensions Resurface | MACRO TRADING DESK

追加: 2026-06-09

[00:00:00]So, so value macro trading desk. US equities remain caught between macro pressure >> [music] >> and the AI trade. Over the weekend, Israel and Iran escalated again. Israel struck Beirut, crossing Trump's [music] previous red line. Iran then launched its first large-scale ballistic missile attack on Israel since the April ceasefire. Before Israel responded Monday morning with air strikes on Iran.

[00:00:24]Trump is now urging restraint, [music] telling Iran it has fired enough missiles and should return to the negotiating table. In the US, [music] May nonfarm payrolls beat expectations with March and April revised up by 93,000 jobs. The labor market remains stable, supported by the manufacturing recovery. Employment is no longer [music] a clear reason for Fed cuts, and markets are starting to price more hike risk. Still, [music] yields moved only modestly. The two-year rose 10 basis points, and the 10-year rose five. Friday's decline looked more like crowded tech profit taking, Broadcom, Google issuance, Meta issuance rumors, and Nvidia memory capacity headlines all pressured AI names.

[00:01:08]>> [music] >> AI is not broken, but after compute X, the sector lacks fresh catalysts and may enter consolidation. Watch CPI Wednesday, PPI Thursday, Oracle earnings, >> [music] >> and SpaceX listing headlines as key volatility triggers. On Sodexo, watch US tech 100, oil, gold, Bitcoin, Mag 7, and AI-linked assets.