Thursday, June 26th

LEAD STORY – WHAT YOU NEED TO KNOW

U.S. stock futures surge on AI earnings and Fed shake-up talk
U.S. futures rallied Friday, fueled by Nvidia and Micron strength and easing Middle East tensions, as reports suggest President Trump may announce a successor to Jerome Powell as Fed Chair by September or October.
Why it matters: The combination of strong AI-driven earnings and political pressure on the Fed is bolstering risk assets—signaling a potential shift in investor expectations ahead of monetary policy changes.

Bloomberg

MARKET CONTEXT – WHAT’S MOVING THE MARKET