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pre market thoughts 8 Jun 26 US yields solidly higher with 10y higher by 8bps and 30y higher by 3bps vs where we were last week on thursday - levels (10Y 4.58% and 30Y 5.03%) Asian markets followed the weakness from the US carnage. However it is worth noting that Korea markets were relatively resilient vs where last Friday's price action would indicate with selling mostly orderly. KOSPI triggered the first circuit breaker on the open and SK Hynix took a dive before rebounding alongside into the afternoon session - however like what i mentioned about rebounds to be kept on a lid - the Korean markets closed at the lows of the day. I would expect further selling pressure. Like wise 285A was also not left unscathed, taking a hit of ~8%. It is worth noting that $NVDA and Jenson also jawboned about equity prices for these korean names pre market and we saw an announcement of an announcement on the weekend. This came in the form of a multi year technology partnership for the global AI build out. Away from the asian open, Overnight prices for US equities actually opened super strongly. At one point $MU was up 7% - however i would not take too much weight into these prices given that most instis dont trade on the thin overnight market. What is is a good indication for is that most people/retail are HUNGRY to buy the dip - hence the strong bounce. Likewise, much of these bid was soaked away by the time Korea has closed. We have some further bouts of turmoil in the Middle East with Israel exchanging rockets with Iran. While this hasnt affected markets for the last 7 weeks, i would say that this comes at a precarious time for market psychology Generally the session can be characterised with a marked difference from the US session last friday where risk was indiscriminately dumped into the close - here we have relatively orderly selling with kind exits given. Good luck ahead!