The Tape Read — Pre-Market Intelligence Brief for July 21, 2026.

Futures firm as oil eases off the US–Iran spike; a narrow, mega-cap-split tape (Microsoft/Broadcom bid, Apple/Tesla heavy) into a Google/Tesla earnings eve. Semis stay gated on distribution; the freshest reads are contract-driven movers IREN and Archer.

Full written brief for paid subscribers at thetaperead.morganbranch.co. Educational and observational only — not investment advice.