US Futures Dip As Questions Mount Over Relentless Tech Rally, Lack Of Peace Progress

The Beautiful Great Game: Extra Time & Penalties By Michael Every of Rabobank Yesterday’s in-line US CPI report was the non-event its relative insignificance vs tumultuous domestic and global backdrops suggested it should be. Meanwhile, in the ‘Beautiful Great Game’, it’s extra time and penalties, medals and champagne for some, and tears for others. Iran remains defiant. Trump says he has “total control” of and “will keep” Hormuz. He’s hoping the UAE can shuttle vastly more refined product through Hormuz under the radar than it already is, as Axios flags, ‘Diesel desperation...

Mitch McConnell Pokes Head Out Of Shell With New 'Proof Of Life' Pic From Rehab Sen. Mitch McConnell (R-KY) on Monday 'said' he's undergoing physical therapy, but that he hasn't been medically cleared to leave rehab after being admitted to the hospital after his June 14 fall.  "I'm still working hard to get back to my full schedule of work in the Senate and in Kentucky, keeping up with intense physical therapy per my doctors' orders," McConnell, 84, one of the oldest members of the Senate, said in a statement - adding...

"Arms Race Has Started": War Unicorns Enter M&A Phase As Ondas Snaps Up Kamikaze Drone Maker DZYNE The writing is on the wall: defense-tech unicorns, particularly those focused on loitering munitions, autonomous drones, and counter-UAS systems, are positioned for years of growth as warfare changes forever.  These "war unicorns," as we call them, are increasingly ripe for M&A as larger players race to consolidate across drones and counter-drone systems. The latest example is Nasdaq-listed defense and industrial technology firm Ondas Holdings moving to acquire DZYNE Technologies, a maker of drones, loitering-munition-type...