WS #8056

The dominant narrative remains the US-Iran ceasefire deal, which is escalating with multiple sources reporting that a draft peace proposal has been agreed and an announcement is expected within 24 hours. This is corroborated by Washington Times, a source close to negotiations, and multiple social media posts. The potential deal includes reopening the Strait of Hormuz and Iran turning over enriched uranium, which would significantly impact oil prices and related sectors. However, a counter-signal has emerged: Netanyahu has reportedly urged Trump to launch fresh military strikes on Iran, expressing deep concerns about the ongoing peace deal. This introduces significant uncertainty and could derail the agreement. Separately, SpaceX has filed its S-1 for an IPO targeting a $1.75 trillion valuation, with a roadshow starting June 4 and pricing June 11, which could move related tickers. Tesla (TSLA) is back under its 200-day moving average with an 11% pullback from Thursday's high, a bearish signal for the stock. Bitcoin is showing signs of potential outperformance versus traditional assets according to analyst commentary, but prices are slightly down in the window.