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U.S. stocks were jolted by a warning from Michael Burry that the market may be near a major top and vulnerable to a 1987-style plunge.

Michael Burry warns the market may be near a major top and could face a drop similar to the 1987 crash.
Walmart’s high investor expectations leave little room for its stock to rise further, according to Oppenheimer.
AMD’s upcoming earnings are an important check on chip stocks and momentum-driven market names.
Jeff Bezos filed to sell $4 billion worth of Amazon shares, and the stock is declining.
Dividend-paying stocks outperformed the S&P 500 in July, and some of those names may keep climbing.
JPMorgan has a list of preferred stocks as the market enters August trading.
Church & Dwight is viewed as a strong low-volatility consumer staples stock, per Katie Stockton.
Investors are watching jobs data and corporate earnings closely this week, according to NYSE insider Jay Woods.
Oracle’s default risk has surged to a record high, even above 2008 crisis levels.
AMD, Palantir, SpaceX, and other major companies are making big AI and growth-related revenue forecasts that are shaping market sentiment.

Hong Kong stocks opened higher as the Hang Seng Index rose 38 points, led by Alibaba’s 2% gain, while shares of optical module maker Zhongji Xuchuang slumped 15% on reports of a potential U.S. import ban on Chinese optical transceiver components.

China’s market regulator is fully rolling out “double-random” inspections, with 540,000 businesses checked in the first half of the year and a problem detection rate of 36%.
Lenovo rose nearly 8% after news that its AI gaming tablet, the Savior Y700, will be released later this month.
Techtronic Industries climbed 7.9% as interim net profit increased 17.5%, dividends were raised, and several major brokers turned bullish.
China’s July RatingDog Services PMI fell to 50.4, weaker than expected, while the composite PMI slipped to 50.8.
Inogen Biologics gained more than 2% after reporting that first-half product revenue rose 55% year on year to over RMB 8.2 billion.
Minutes from the Bank of Japan’s June meeting showed members discussing rising inflation risks.
Chinese media reported that DeepSeek has restarted a second round of fundraising, aiming to raise RMB 5 billion.
Hong Kong stocks opened slightly higher, with the Hang Seng up 38 points, Alibaba rising 2%, and Zhongji Xuchuang plunging 15% on reports of a possible U.S. import ban.
The U.S. is considering new trade restrictions, including possible import price floors and tariffs on polysilicon, as well as a ban on certain Chinese data center components.
Mainland and Hong Kong markets were supported by policy expectations, liquidity injections from the PBOC, and strong sector momentum in AI hardware, innovation drugs, energy storage, and autonomous driving standards.

Japanese markets rallied as hopes for easing Middle East tensions boosted the Tokyo stock index above 66,000 and strengthened the yen into the 157-yen range, while U.S. pressure on Japan over yen depreciation kept monetary-policy expectations in focus.

There are increasing calls for the Bank of Japan to continue raising interest rates, according to the June minutes of the BOJ’s monetary policy meeting.
Tokyo stocks surged more than 2,200 points at one stage, recovering to the 66,000 level on hopes that tensions in the Middle East will ease.
The yen strengthened into the upper 157-yen range in Tokyo as investors bet that geopolitical risks would calm down.
New York stocks rose for a second straight session, hitting record highs as easing Middle East tensions improved investor sentiment and boosted buying.
U.S. Treasury Secretary Bessent said the U.S. will do “whatever is necessary” to support Japan, while maintaining coordination on correcting yen weakness.
The yen weakened in New York to the upper 157-yen range as concerns grew over fiscal deterioration tied to tax-cut policies, prompting dollar buying.
The U.S. urged Japan to take action to correct yen weakness, with the treasury secretary calling for policies that would “change the market” and hinting at expectations for BOJ rate hikes.
Two credit unions in Niigata plan to merge by the end of 2027 to strengthen their management base amid population decline.
Tokyo stocks rebounded by 202 points, with buying concentrated in AI and semiconductor shares after gains in U.S. technology stocks.
Large data centers supporting AI are causing friction with local residents as construction accelerates, while questions remain over whether they should be treated like factories or offices.

Bitcoin’s $63,000 level has emerged as a key battleground for buyers amid market pressure and heavy selling, signaling a crucial short-term test for crypto sentiment.

SpaceX reported stronger-than-expected revenue, but it also recorded a $540 million loss tied to bitcoin holdings.
Circle’s stock was pressured by concerns around OpenUSD, even though major backers still appear supportive of USDC.
Analysts say Samsung may become a major distributor in the stablecoin market.
The Clarity Act remains stalled because of ethics questions involving Trump, while Senator Warren is pushing the SEC to investigate.
Large banks, including Wells Fargo, JPMorgan, and Citi, are competing to tokenize settlement infrastructure in traditional finance.
Bitcoin’s $63,000 range is being watched as an important support-and-resistance zone for buyers, according to Glassnode.
Prediction market platform Polymarket is aiming for a $20 billion valuation as competition intensifies.
Intesa Sanpaolo cut its IBIT position sharply in the second quarter while increasing its ether ETF exposure during a broader crypto selloff.
Dinari is expanding access to tokenized U.S. stocks for American investors as competition in tokenized equities grows.
Crypto-related political pressure is rising in Washington, with anonymous groups running ads against the Clarity Act while broader market and policy battles continue.

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