Iran Strikes Collapse Markets: Bitcoin Down, Oil Spikes, Fed Minutes Loom

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Welcome to Stock Market Today. Your market briefing with actionable insights on stocks, bonds, crypto and the events moving markets. Let's get into it. Markets are under pressure as geopolitical risk explodes back into focus. President Trump declared the US Iran ceasefire over while addressing NATO leaders. US Central Command struck over 60 Islamic Revolutionary Guard Corps boats to prevent shipping disruption. Iran retaliated with the attacks on Kuwait and Bahrain. The immediate market reaction? Bitcoin down over 2% to around $61,900.
Ethereum down to $1737. And altcoins bleeding harder with JUP, ETHFI and PUMP, each shedding over 5%.
Stock futures hit session lows with the Dow projected down 700 points and NASDAQ futures sliding 1.5%.
Oil spiked over 5% to $72.27 as traders price and supply disruption risk. The dollar index climbed above $101 as safe haven flows accelerate. Semiconductor stocks remain under serious pressure. The SOX semiconductor ETF is down nearly 14% for July.
Samsung Electronics dropped another 6% despite record Q2 earnings. Tom Lee at Fundstrat is telling investors to buy the dip in semis, citing improving ISM index signals and potential forced buying by underperforming growth managers. The Fed minutes drop at 2 p.m. Eastern today. Consumer inflation expectations hit 3.7%, the highest since September 2023 Chair Warsh remains committed to the 2% target, which could disappoint rate cut advocates. The SEC formed a new Retail Fraud Working Group yesterday and is expected to propose regulation crypto later this month to ease fundraising for crypto startups. TSMC holds its Q2 Analyst Meeting July 16th with expectations for increased guidance on AI infrastructure demand. Bottom line, geopolitical risk is back in the driver's seat. Watch oil prices, Fed minutes at 2 p.m. and whether crypto can hold support levels. That wraps your market intel. Trade smart out there. For deeper insights and real time analysis, visit capitalcopilot.io.