WS #7768

The dominant signal in this window is the escalation of US-Iran tensions, with VP Vance stating the US is 'locked and loaded' for military action if Iran talks fail, and Iran reportedly reactivating dozens of missile sites. This is corroborated by multiple sources (Al Jazeera, NYT, Bloomberg) and represents an escalation of geopolitical risk, countering the previous de-escalation signal from the Senate War Powers Resolution. Separately, the UK loosened Russian oil sanctions as fuel prices rise, a counter-signal to the oil supply crisis. The Taiwan Strait situation is also escalating, with China's Taiwan Affairs Office accusing Taiwan's president of 'selling out Taiwan' and Taiwan's president making defiant statements. Thomas Massie's primary loss to a Trump-backed challenger is confirmed by multiple sources, consolidating Trump's influence. Insider trading filings show PLTR insider sold 16,000 shares, GOOG insider sold 1,050 shares, and RIVN insiders engaged in multiple transactions including a CFO sale. SpaceX plans a $60B deal with Cursor post-IPO, with Goldman Sachs as lead banker. The prevailing macro narrative of rising bond yields and Iran tensions is ESCALATING, with the Vance statement and Iran missile site reactivation countering the Senate resolution's dampening effect.