Public Markets 8 Hours

Last updated: August 9, 2026, 5:35 PM ET

Public Markets

Equities

Blockbuster earnings from the largest U.S. companies have bolstered stocks’ record run, easing worries about AI spending and inflation. Meanwhile, U.S. consumer brands are reporting substantial overseas revenue growth for chicken, soap and snacks, outpacing slowing domestic sales. Defense stocks could also benefit after Taiwan placed its bet on a drone “hellscape” inspired by Ukraine’s battlefield successes to deter a potential Chinese invasion.

Fixed Income

Wall Street traders see signs of bond-market angst in Treasury Secretary Scott Bessent’s recent moves, interpreting them as a signal that he wants to keep long-term yields from spiking. Across the Atlantic, Hungary’s central bank renewed its support for joining the euro area, arguing that euro adoption would benefit the economy.

Commodities & Energy

Oil markets remain on edge as Tehran hardens its stance over the Strait of Hormuz. Iran says the U.S. must meet new conditions before it reopens the waterway, while Iranian demands disrupt President Trump’s plan to end the war. Separately, Trump’s Venezuelan oil boom is sputtering as Washington deems the costs of forcing free elections in Caracas too high.

Geopolitical Risk

Iran is pushing for a return to the June MOU over the Strait of Hormuz, using the waterway as leverage to secure frozen assets, sanctions relief and an end to the U.S. naval blockade. The standoff continues to inject risk premia into energy and shipping markets.