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Tech & Innovation·June 24, 2026·1 min read

J.P. Morgan lifts its S&P 500 target to 7,800 but warns that a ‘flash crash’ remains a risk

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Macro desks are admitting they mispriced earnings momentum while still flagging fragility in market structure. For operators, that means equity-financed plans look better on paper, but you should stress-test liquidity and covenant headroom against a sharp, temporary drawdown.

Tech & Innovation

Quote of the day by former Microsoft CEO Steve Ballmer: 'There's no chance that the iPhone is going to get any significant market share' — a staggering misread of the future of consumer devices

Ballmer’s iPhone quote is a useful calibration: incumbents routinely misprice new interaction models. As AI-native interfaces emerge, assume your own intuition is similarly biased toward current distribution and monetization patterns—instrument user behavior, don’t rely on gut.