WS #5992

The dominant signal remains the attempted assassination of President Trump at the White House Correspondents' Dinner, with new details emerging: the shooter, Cole Tomas Allen, was a hotel guest who bypassed metal detectors, and the acting attorney general confirmed he targeted administration officials. Trump has commented on the shooter's hatred and manifesto, and the incident continues to dominate headlines, reinforcing risk-off sentiment. Separately, Senator Tillis has cleared the way for Kevin Warsh to become Fed Chair, following the DOJ dropping its investigation into Jerome Powell—a significant development for monetary policy and crypto markets. Israel struck Hezbollah weapons depots in Lebanon, adding to geopolitical tensions. Tesla is seeing a demand uptick in Europe, but an analyst warns it's a one-time effect from discounts and the Iran war. Oil prices have fallen sharply (Brent down ~15% to ~$95) on signals of de-escalation in the Strait of Hormuz, which impacts energy stocks and airlines. The White House shooting and Fed leadership change are the highest-signal items, with the latter potentially shifting monetary policy expectations.