Editorial companion

What stands out

Fox Business ran a short noting markets are shifting attention away from geopolitical headlines toward second-quarter (Q2) earnings, with investors still wagering on artificial intelligence (AI) leaders and semiconductor stocks despite ongoing volatility. That pivot matters because narratives drive capital flows, and when the street expects earnings to validate growth stories it narrows the lens to company fundamentals and supply chains rather than the next foreign-policy flare-up. A Bloomberg rate strategist now expects three so-called adjustment hikes from the Federal Reserve (Fed), which means optimism and rate sensitivity are sharing the same stage.