Russia Tightens Secrecy On Energy Exports

Futures Rise, Just Under Record High Ahead Of PPI Report Futures are higher again, although trading in a narrow range for the past week just below all time highs, with Tech flat following disappointing earnings from CSCO. As of 8:00am ET, S&P 500 futures add 0.2% while Nasdaq futures are unchanged as Cisco shares dropped 6.4% in premarket trading after earnings failed to impress. Elsewhere, Semis are flat, Memory is lower, with Mag7 / Software trading up. Cyclicals and Defensives are trading higher with weakness in Energy / Materials; AI theme remains...

"Iran Is Losing Its Grip On Hormuz": Strait Traffic Explodes Nearly 400% Summary: Nearly 200 Ships Navigated Strait Last Week, Up From 150 the Previous Week Trump Views Hormuz As "an American Territory"  Axios: 40 Tankers Transited Hormuz Friday Night, But Real Crisis Is Diesel Hormuz Commercial Traffic Surges  Shortly after President Trump declared the Strait of Hormuz "an American territory" on Friday evening, the New York Post published a new report citing UK Maritime Trade Operations data showing that commercial traffic through the critical waterway has rebounded sharply as more vessels use a US-backed...

Home Depot Earnings Offer Glimmer Of Hope As Small Projects Offset Renovation Downturn Home Depot reported stronger-than-expected second-quarter sales and profit as homeowners spent money on smaller do-it-yourself projects, giving the home-improvement retailer enough confidence to reaffirm its full-year outlook. The frozen housing market, combined with elevated borrowing costs, has deterred homeowners from financing larger renovations, such as replacing exterior windows and doors or installing a new deck, and has also pressured Home Depot shares over the past year and a half. However, second-quarter demand showed signs of resilience in smaller...