WS #10819

The dominant signal in this window is a blockbuster earnings surprise from Micron Technology ($MU), which reported Q3 FY2026 revenue of $41.46B versus $9.3B in the same quarter last year, with Q4 guidance of ~$50B. The stock surged +15% after hours, driven by HBM (high-bandwidth memory) demand. This is a high-significance positive for the semiconductor sector and AI infrastructure plays. Separately, China reported strong industrial profits: Jan-May +18.8% yr/yr and May +21.1% yr/yr, signaling robust manufacturing activity and supporting bullish sentiment for China-exposed commodities and industrials. Bolivia's move to a flexible exchange-rate system after 15 years is a notable emerging-market development but has limited direct US market impact. The CFTC investigation into Polymarket is a regulatory signal but unlikely to move broad markets. The US-Iran conflict narrative from the previous window is not corroborated by new data in this batch, so it is not escalated. The Anthropic Mythos 5 approval and SpaceX Nasdaq 100 inclusion from prior awareness carry forward as ongoing positives for AI/tech.