⚠ Macro context — FOMC-eve pre-positioning, ORCL capex Day 4, AMD/Rackspace structural
Yesterday’s Iran-deal rip (S&P +1.7%, Nasdaq 100 +3.1%, Dow ATH) sets the bar high for today. Three forces:
FOMC-eve dead-tape risk. Tomorrow Warsh delivers his first dot-plot at 2:00 PM ET. Rates expected to hold (consensus 3.50-3.75% or 4.25-4.50% — sources conflict, …
