WS #13327
The dominant US-Iran de-escalation narrative remains STABLE with no new material developments in this window. No counter-signals or non-dominant-narrative developments emerged. The market continues to digest the prior themes of oil price stability, equity rally, and hawkish Fed expectations without fresh catalysts.
Topics
Key developments
- Iran denies US talks; Trump asserts Hormuz control, oil drops ~6%
- Amazon market cap crosses $3 trillion, stock up 5% to ATH
- Mag7 forward P/E at record low; JPMorgan sees catch-up upside
- SpaceX short interest tops Tesla ahead of earnings and lockup
- Russia opens antitrust case against Apple over app pre-installation
- Visa to acquire BioCatch for $2.4B to boost fraud detection
- US and Japan coordinate yen intervention; yen strengthens
- ISM Manufacturing PMI hits 55.6, raising Fed hike odds