WS #6847
No material new developments in the last 30 minutes. The dominant themes remain the escalating US-Iran conflict in the Strait of Hormuz and the ongoing tech/AI rally, with no new data points or counter-signals to report.
Key developments
- Pentagon releases video of strikes on Iranian oil tankers; Iran formalizes Strait of Hormuz permit system
- Nasdaq rallies 2.4% on strong April jobs report (115K vs 65K expected)
- Apple stock hits new record highs; Apple-Intel chip deal confirmed
- Senate Banking Committee schedules markup for Clarity Act on May 14
- Trump suggests Russia-Ukraine ceasefire could extend beyond initial 3-day framework