WS #7245

The dominant signal in this window is the confirmation of Kevin Warsh as Federal Reserve chair, with the Senate voting to confirm him to replace Jerome Powell when his term ends later this week. This is a high-significance development that could shift monetary policy expectations. Separately, the Strait of Hormuz closure continues to drive crude oil toward $110, with the IEA warning of a historic global oil supply crisis and cumulative supply losses exceeding 1 billion barrels. This is corroborated by multiple sources (EuropeSays, SeekingAlpha, BBC). The AI bond binge is overwhelming Wall Street, pushing Alphabet to seek overseas financing, which signals potential stress in corporate bond markets. Other notable items include Blackstone's data center REIT raising $1.75B in its IPO, and Ryan Cohen pushing eBay to engage on his proposal. The Ukraine-Russia conflict remains active with drone/missile attacks, but no new escalation beyond ongoing patterns. The Alberta separatism appeal and US-Cuba aid offer are low-significance for US markets.