(https://www.cnbc.com/2026/06/24/the-clubs-top-10-things-to-watch-in-the-stock-market-wednesday-.html) after reporting what everyone's calling a "noisy quarter"—but there's no such thing as noise in logistics data. Volume is volume. The inventory reinflation thesis that's been propping up cyclicals and duration trades since Q1 just got a real-world stress test, and it failed.

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