AGP Executive Report
Last update: 7 hours agoUS Macro: Retail sales fell 0.6% in July (biggest drop in over a year) while inflation eased but prices stayed high, adding to worries that consumer momentum is cooling. Markets: The S&P 500 slipped from record highs as investors weighed weaker data and Middle East tensions; chip and AI-linked names also wobbled after “beat-and-raise” expectations ran hot. Energy & Geopolitics: Iran-related Strait of Hormuz disruption kept oil sensitive, with the IEA cutting 2026 supply forecasts and traders watching shipping risk closely. AI Infrastructure: Data centers are projected to surge in power demand, while grid delays push firms toward on-site generation; one research team claims a platinum durability breakthrough could help. Crypto Flows: Chainlink jumped on sharply higher spot volume and derivatives activity, while Ethereum’s outlook hinges on key resistance levels as ETF flows turned negative. Corporate/Policy: ICE reversed a sole-source $125M Thomson Reuters surveillance deal, moving to competition; meanwhile, Eli Lilly’s GLP-1 results outpaced Novo as legal fights over ad claims heat up. Emerging Markets FX: Morgan Stanley laid out three Egyptian pound scenarios tied to oil and Hormuz reopening odds.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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