JUL 10 update

Market news and events impacting portfolio positions

As we lack some breaking news updates for portfolio positions this morning, let’s take a bit broader view.

FOMC minutes are out - what do they tell us?

Lastly, we have a small position in a technically interesting but financially fragile small-cap space name. The company now has more flight heritage, more payload relationships, a stronger cash position, a more visible defence angle and a major 2026 mission that could validate several parts of the platform at once. Yet the price is still fishing for the bottom.