The Tape Read — Pre-Market Intelligence Brief for July 13, 2026.

Tape opens risk-off as a weekend US-Iran military escalation reopens the oil risk premium (WTI +4%) and memory names lead semis lower; the chip complex stays gated and the day's heaviest clean flow — call premium in Meta — is held back by the hostile macro tape.

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