WS #8340

The dominant narrative remains the US-Iran peace deal framework, which is DE-ESCALATING. Multiple sources (Seeking Alpha, Bloomberg, social media) report that an unofficial draft of an interim deal includes a provision for Strait of Hormuz traffic to return to normal within one month of finalization. This has caused US crude to drop below $90, with WTI falling. The White House Rapid Response account officially denied an Iranian state media report of a signed MOU, calling it a 'complete fabrication,' creating some uncertainty but the market is pricing in de-escalation. Polymarket trades show heavy activity on Iran ceasefire and regime fall questions, confirming market focus. Separately, TSLA-SpaceX merger chatter continues, with multiple social media posts citing rumors of a pre-IPO merger. Lululemon resolved its feud with founder Chip Wilson, a positive for LULU. Boeing CEO provided updates on 737 Max certification, saying they are 'a little better than 80% done' and confident on anti-icing system. Dell earnings preview highlights AI server momentum ahead of Q1 print after close. Several analyst upgrades and downgrades are noted but are secondary.