WS #13406
No material new developments in the last 30 minutes. The dominant risk-on narrative (US-Iran Hormuz deal optimism, oil down, equities at highs) remains intact with no fresh counter-signals or de-escalation data points. Geopolitical friction (Indian vessel hit, Iran denial) and military readiness concerns are unchanged from prior coverage. Earnings and macro themes (Palantir, Novo Nordisk, Amazon, yen intervention) show no new data. Market likely to continue on existing momentum absent new catalysts.
Topics
Key developments
- Iran considers allowing Europe to clear mines in Strait of Hormuz, boosting deal hopes
- Oil prices drop over 5% on Hormuz deal hopes, driving record highs in S&P 500 and Dow
- Palantir and Caterpillar report blowout quarters, lifting AI and industrials
- Cargo ship hit by projectile in Strait of Hormuz, one crew member missing
- New Jersey AG files antitrust lawsuit against Amazon over driver pay
- US-Japan coordinated yen intervention using repo facility