WS #6015

The dominant signal remains the White House Correspondents' Dinner shooting, now with new details: the suspect's manifesto has been released, identifying him as a religious Christian opposed to Trump, and he targeted LEOs. This escalates political violence concerns and could impact safe-haven assets and defense stocks. Separately, a key development in Fed policy: Senator Tillis has dropped his opposition to Kevin Warsh's nomination as Fed chair, clearing a major hurdle for Trump to install a rate-cut advocate. This is a significant shift that could accelerate monetary easing expectations. Additionally, Treasury Secretary Bessent stated the US will not renew oil waivers for Iranian and Russian oil, tightening supply amid the Hormuz Strait closure, which is bullish for energy and bearish for consumers. The Israel-Hezbollah situation remains elevated with fresh strikes. Other items are noise.