Israel attacked Iran early this morning, sending markets reeling—we have a full breakdown for you in today’s edition.

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📰 Market Headlines

Stocks inched up while the dollar hit a three-year low as tariff jitters met with softer inflation prints.

• The Dow and Nasdaq added 0.2% each, and the S&P 500 rose 0.4% to its highest close since February.

Israel attacked Iran early this morning, targeting nuclear sites. Full breakdown and market impact below.

An Air India Boeing 787-8 crashed into a college hostel after takeoff from Ahmedabad, killing over 240 people in the Dreamliner’s first fatal crash and sending $BA ( ▼ 1.68% ) shares down by 4%.

GameStop $GME ( 0.0% ) shares dropped 22.5% on the announcement of a $1.75 billion bond sale that will fund acquisitions and a bitcoin-heavy treasury strategy.

And ChatGPT can trade better than a hedge fund manager, according to The GPT portfolio—and they have the results to prove it.

📉 Israel’s Attack Creates Market Shockwaves

Israel launched targeted strikes on Iran early this morning, hitting nuclear facilities and killing two top Iranian nuclear scientists along with the Islamic Revolutionary Guard Corps commander-in-chief. The attack followed the expiration of a 60-day deadline for U.S.-Iran nuclear talks, which ended without progress.

Markets moved fast: Oil prices jumped 14%, oil tanker stocks spiked, defense stocks surged, and S&P 500 futures sank as much as 1.9%.

Meanwhile, air traffic over Iran cleared out entirely—here’s the live air traffic map showing what happened.

Trump wrote in his first statement on the matter that “Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire.”

And one strange signal from Washington: the “pizza index,” which tracks food orders near the Pentagon, showed a surge in activity last night around 7pm—suggesting a busy night for U.S. defense leaders.

Outlook: Geopolitical shocks often create short-term volatility and long-term opportunity. Right now, oil and defense stocks are the obvious winners, but be careful—those trades can unwind fast if diplomacy steps in. Broad market weakness can offer good entries in quality stocks that get caught in selling.

😱 Fear and Greed Index

🧠 Make yourself heard

🤖 AI/Future/Tech News

• An interim CEO has replaced Scale AI’s Alexander Wang as Meta poaches him for their AI initiative. Meta is a “hold” on AltIndex.

• How AI developers might become shielded from lawsuits when they publish model specs.

 💡 Ideas, trends, and analysis

🎤 What you said last time

“We buy pretty much the same items every week. While our grocery store items have flattened or some cases, dropped back towards normal "before chaos", our favorite restaurants are keeping or exceeding those highs.”

🚚 Market movers

• Oracle soared 13% to a record close after its AI-driven cloud outlook topped estimates. AltIndex still rates Oracle a “hold” at the moment.

• JetZero announced plans to spend $4.7 billion on a Greensboro, NC factory to build its blended-wing Z4 jet, pledging 14,500 jobs by 2036.

• Starbucks says suitors are lining up to buy a minority stake in its China unit as it seeks to expand toward 20,000 stores. AltIndex rates Starbucks a “sell.”

📊 Earnings this week

• Adobe crushed Q2 forecasts with revenue up 11%; shares inched 0.2% higher at the close.

• Lovesac boasted Q1 sales up 4% while its net loss narrowed to $0.73 a share; a soft Q2 outlook sent the stock tumbling 18% on the day.

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📺 What to watch today