WS #13318
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: markets are rallying on US-Iran de-escalation hopes, oil prices are plunging on OPEC+ output hike, and tech stocks are strong. No counter-signals or non-dominant-narrative developments have emerged to alter the outlook.
Topics
Key developments
- Trump calls off Iran strikes, claims Hormuz deal; oil plunges ~7%
- Amazon surpasses $3 trillion market cap, fifth company to do so
- Microsoft surges 26% in 3 days, best rally since 2000; Goldman adds to Conviction Buy List
- ISM Manufacturing PMI beats at 55.6, strongest in 4 years; construction spending slips
- Morgan Stanley downgrades Circle Internet to Underweight, cuts PT to $38 from $106
- Visa to acquire BioCatch for $2.4B, bolstering fraud detection
- Pentagon signs $3B in agreements to expand Patriot and THAAD munitions production
- US Treasury issues amended Venezuela-related general license, authorizing certain PDVSA bond transactions