Welcome to Markets Desk, here's what's moving.
Arm Holdings shed thirty-four percent in July after a sharp run-up in the second quarter. The pullback reflects a familiar pattern — when a stock surges on AI enthusiasm, it becomes vulnerable to any cooling in sentiment, and Arm gave back a significant portion of those gains as investors reassessed the valuation.
Shifting to Southeast Asia, Grab posted a strong second quarter and raised its full-year outlook, with the company's CFO crediting artificial intelligence for helping ship products three times faster than before. That kind of operational leverage is exactly what investors want to see — AI translating into measurable efficiency, not just a talking point on an earnings call.
And on the macro front, Fed Chair Kevin Warsh delivered what markets are calling a blunt reality check, drawing comparisons to the post dot-com era when Alan Greenspan shifted toward more explicit forward guidance. History suggests that when a Fed chair gets direct with markets, it signals a deliberate effort to anchor expectations — and traders are now repricing accordingly.
That's the tape. Markets Desk, signing off the floor.
