WS #7757

The dominant signal in this window is the Senate advancing a War Powers Resolution to limit Trump's military action in Iran, with Republican Senator Bill Cassidy flipping to support it. This is corroborated by CNBC, NBC, and multiple Bluesky posts, marking a significant political development that could signal growing opposition to the Iran conflict. The resolution passed 50-47, but faces long odds to become law. Separately, SpaceX has picked Goldman Sachs to lead its record-breaking IPO, with the prospectus expected as soon as Wednesday, confirmed by CNBC and multiple sources. This is a major catalyst for space and AI-related equities. Additionally, Ukraine continues to strike Russian oil infrastructure, with reports of a drone attack on the Yaroslavl refinery and the Solnechnogorskaya oil pumping station, which could further tighten global oil supply. The 30-year Treasury yield hit a 19-year high of 5.19%, dragging down growth stocks like PANW, ORCL, and GOOGL, while AI stocks ARM, SNOW, and DDOG bucked the trend. Gold holds losses as rate hike bets persist. The narrative arc is ESCALATING on the Iran war opposition and Ukraine oil infrastructure damage, while the SpaceX IPO is a new positive catalyst.