WS #7770

The dominant signal in this window is the escalation of the Samsung Electronics strike, with over 47,000 workers set to walk out Thursday after wage talks broke down. This is corroborated by multiple sources (CNBC, Reddit WSB, multiple Bluesky posts) and represents a bearish signal for the semiconductor supply chain, particularly DRAM, NAND, and HBM. Separately, the 30-year US Treasury yield surged to 5.183%, the highest in years, pressuring stocks and growth names. The US Energy Secretary stated Hormuz will flow again soon, a counter-signal to oil supply fears. The Xi-Putin meeting in Beijing is ongoing but no new substantive developments. Political primaries saw Trump-backed candidates advance in Georgia and Kentucky. The prevailing macro narrative of rising bond yields and geopolitical tensions is STABLE, with the Hormuz comment acting as a partial counter.