WS #8077

The dominant signal in this window is a security incident near the White House, with multiple sources reporting 20-30 gunshots heard near the North Lawn, Secret Service clearing the area, and press ordered inside the briefing room. The lockdown has since been lifted, and the incident appears contained with no confirmed injuries or threat to the President. This is a new but localized event; market impact is expected to be minimal unless further escalation occurs. Separately, Iran directly rejects Trump's claim that the Strait of Hormuz will reopen as part of a negotiated deal, contradicting earlier optimism and dampening the bullish oil-supply-resolution narrative. This rejection is corroborated by multiple sources and Polymarket contracts still trading on Hormuz reopening. Ukraine-Russia hostilities continue with missile strikes on Kyiv and a Ukrainian drone strike on a Russian oil terminal in Novorossiysk, but these are escalations within an existing conflict, not new developments. The Iran deal narrative is now DE-ESCALATING due to Iran's rejection, while the White House security incident is a new but likely contained event. NVIDIA stock is approaching a key support level post-earnings, with Huang pitching a $200B CPU market opportunity, which could be a bullish catalyst for NVDA if support holds.