Crude's over $90, yields decided to join, and our growth tech is suddenly feeling quite exposed

← Monday, August 31, 2026 · Wednesday, September 2, 2026 → · Archive

Morning brief: Conflict in the Strait lifted oil, weighing down futures, but our Tesla plays kept the lights on

U.S.-Iran Conflict Spikes Oil, Futures Slip: Renewed Strait of Hormuz strikes pushed Brent crude over $90, dragging stock futures lower as investors weigh fresh inflation and rate risks. Tesla Jumps 5.51% Ahead of Cybercab Launch: Investors pushed shares higher as excitement builds for the autonomous robotaxi event and expanding energy infrastructure ambitions. Howmet Drops 7.51% on Musk's Turbine Plan: Shares tumbled after Elon Musk announced SpaceX will cast turbine components in-house, threatening high-margin demand alongside surging fuel costs. Pinterest Falls 6.38% Following CFO Exit: The sudden resignation of CFO Julia Brau Donnelly rattled investors following recent warnings of decelerating third-quarter advertising growth. Broadcom Earnings Take Center Stage Next: All eyes shift to Broadcom's post-market earnings report tomorrow for fresh guidance on enterprise AI demand and semiconductor momentum.

U.S.-Iran Conflict Spikes Oil, Futures Slip

Renewed Strait of Hormuz strikes pushed Brent crude over $90, dragging stock futures lower as investors weigh fresh inflation and rate risks.

Tesla Jumps 5.51% Ahead of Cybercab Launch

Investors pushed shares higher as excitement builds for the autonomous robotaxi event and expanding energy infrastructure ambitions.

Howmet Drops 7.51% on Musk's Turbine Plan

Shares tumbled after Elon Musk announced SpaceX will cast turbine components in-house, threatening high-margin demand alongside surging fuel costs.

Pinterest Falls 6.38% Following CFO Exit

The sudden resignation of CFO Julia Brau Donnelly rattled investors following recent warnings of decelerating third-quarter advertising growth.

Broadcom Earnings Take Center Stage Next

All eyes shift to Broadcom's post-market earnings report tomorrow for fresh guidance on enterprise AI demand and semiconductor momentum.

Posture: With Fear & Greed at 47 (Neutral) and oil spiking above $90, we adopt a defensive posture to navigate renewed inflation and rate risks.

Tickers in focus: TSLA, SPY

Upcoming earnings

  • AVGO — 2026-09-02, After Market Close
  • PL — 2026-09-03, After Market Close
  • AVAV — 2026-09-09, TBD
  • ADBE — 2026-09-10, After Market Close
  • ORCL — 2026-09-14, TBD
  • MU — 2026-09-21, After Market Close

Evening brief: Crude's over $90, yields decided to join, and our growth tech is suddenly feeling quite exposed

Oil Spikes and Rising Yields Weigh on Tech: U.S. strikes on Iran sent crude above $90, driving Treasury yields higher and reigniting Fed rate-hike concerns that hit tech stocks. Moderna Surges 9.93% on Cancer Vaccine Rally: Shares extended gains after historic melanoma data and Wall Street price target upgrades offset rival flu vaccine updates from GSK. IBKR Drops 7.01% on Analyst Downgrade: UBS downgraded the stock to neutral citing high valuation, while August trading metrics showed a slight monthly decline in activity. Astera Labs Falls 5.75% in Tech Selloff: High-valuation semiconductor stocks faced heavy selling pressure as surging Treasury yields chilled investor appetite for riskier growth names. Broadcom Earnings Test Key AI Sentiment Tomorrow: All eyes turn to Broadcom's post-market earnings report tomorrow to see if strong AI infrastructure demand can halt the tech slide.

Oil Spikes and Rising Yields Weigh on Tech

U.S. strikes on Iran sent crude above $90, driving Treasury yields higher and reigniting Fed rate-hike concerns that hit tech stocks.

Moderna Surges 9.93% on Cancer Vaccine Rally

Shares extended gains after historic melanoma data and Wall Street price target upgrades offset rival flu vaccine updates from GSK.

IBKR Drops 7.01% on Analyst Downgrade

UBS downgraded the stock to neutral citing high valuation, while August trading metrics showed a slight monthly decline in activity.

Astera Labs Falls 5.75% in Tech Selloff

High-valuation semiconductor stocks faced heavy selling pressure as surging Treasury yields chilled investor appetite for riskier growth names.

Broadcom Earnings Test Key AI Sentiment Tomorrow

All eyes turn to Broadcom's post-market earnings report tomorrow to see if strong AI infrastructure demand can halt the tech slide.

Posture: Adopting a cautious, defensive posture as Fear (45) creeps in amid geopolitical shocks, rising oil prices, and climbing yields.

Tickers in focus: QQQ, MRNA

Upcoming earnings

  • AVGO — 2026-09-02, After Market Close
  • PL — 2026-09-03, After Market Close
  • AVAV — 2026-09-09, TBD
  • ADBE — 2026-09-10, After Market Close
  • ORCL — 2026-09-14, TBD
  • MU — 2026-09-21, After Market Close

The day's moves on the ledger

No slate changes were logged this day.

← Monday, August 31, 2026 · Wednesday, September 2, 2026 → · Archive