SPX extends rally and posts record high, Scott Redler notes

• Researchers led by Michael Heseltine at the University of Amsterdam investigated how political developments influence the news consumption habits of Democrats and Republicans. • The study found that individuals actively alter the volume and type of news they read based on whether the day's headlines are favorable or unfavorable to their preferred party.

• US 30-year bond yields have climbed to their highest levels since 2007, signaling growing investor concern over the nation's financial stability. • This spike is driven by the country's increasingly unsustainable public finances and rising national debt levels.

• President Donald Trump reported holding productive all-day negotiations with Iran on Tuesday to secure a deal to reopen the Strait of Hormuz. • The proposed agreement aims to stabilize global oil markets and lower gas prices, which have remained high due to tensions in the region.

• A new study indicates that a significant majority of Americans possess a "legal blind spot," failing to understand the judicial philosophies they claim to support. • The research highlights a disconnect between the political labels citizens adopt and their actual comprehension of the underlying legal theories.

• Republicans and Democrats in key battleground states are collaborating to publicly counter unproven accusations regarding U.S. election integrity. • In Arizona, co-leaders including Mr. Henninger are working through a resilience network to fight voter intimidation and facilitate dialogue between opposing political factions.

• Representative Wesley Bell successfully defeated a primary challenge from Cori Bush in a high-profile Missouri rematch. • The contest pitted two prominent Democratic figures against each other, centering on political strategy and representation within the state.

• The Supreme Court has announced its docket for the start of the new term, scheduling oral arguments for seven major cases throughout October. • Key proceedings include *Johnson v. United States Congress*, alongside other disputes where the outcome may depend on whether the court deems certain cases premature for a final ruling.

• The UKMTO reported two explosions near a tanker transiting the Strait of Hormuz, though no damage was reported. • Diplomatic talks mediated by Oman are progressing "positively" to reopen the strait, with US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent indicating a deal could be reached imminently.

• The owner of a dog named Rocky is considering legal action following an ongoing investigation into a controversy involving the animal. • Malaysia has announced it will not repatriate the first 5,000 Rohingya refugees if they face life threats or persecution upon returning to Myanmar.

• Meta has introduced Muse Spark 1.1, an updated AI coding agent released on July 9, 2026, to assist internal developers and researchers. • To improve performance, Meta is utilizing its own engineers' code fixes as training data to refine the model's accuracy.

• Abdul El-Sayed has transitioned from political obscurity to becoming a significant progressive contender in the Michigan Senate race. • The campaign highlights El-Sayed's strategic shift to mobilize progressive voters and challenge established political norms within the state.