Good morning, you're tuned in to Markets Desk.
NATO allies are gathering this week with Europe's defense posture front and center, and for the first time in decades, the conversation is serious about fighting without American backing. European capitals are stress-testing command structures, supply chains, and defense budgets against a scenario once considered unthinkable — a continent largely on its own.
Feeding into that broader geopolitical picture, new reporting shows Greek shipping firms including Dynacom, Stealth Maritime, and the Onassis Group collected nearly four billion dollars moving Russian oil over the past three years, all while operating under the G-seven price cap regime. The numbers underscore just how porous that sanctions architecture has been in practice.
Turning to markets, the Tiger Cubs are having a strong year. Dan Sundheim's D-one Capital posted roughly ten percent in its public equity book in June alone, pushing year-to-date gains past twenty-five percent. Light Street and Coatue also logged strong months, suggesting high-conviction, concentrated long books are being rewarded in this tape as momentum names continue to extend.
That's the tape. Markets Desk, signing off the floor.
