Good morning, you're tuned into Markets Desk.
The dollar is pushing higher today, with the DXY index up roughly a quarter of a percent as Treasury yields climb and WTI crude surges more than two percent on the session. That crude move is feeding inflation expectations back into the market, which in turn is raising questions about whether the Fed has more work to do on the tightening side. Higher rate differentials are doing the rest of the heavy lifting for the greenback.
Shifting to equities, JPMorgan Chase continues to attract institutional conviction, with thirty-three of the fifty-one most recent thirteen-F filers for the June thirtieth, two thousand twenty six reporting period showing positions in the name. When that many fund managers arrive at the same conclusion independently, it tends to reflect a genuine consensus view on the stock's risk-reward profile rather than momentum chasing.
And a notable development out of Strategy, the Bitcoin treasury company formerly known as MicroStrategy, which just sold one thousand six hundred ninety Bitcoin for roughly one hundred nine million dollars — not to rotate into more crypto, but to buy back one of its preferred stock instruments. That marks a full seven weeks since the firm last added to its holdings, suggesting the capital allocation calculus inside that company is quietly shifting.
That's the tape. Markets Desk, signing off the floor.
