WS #8426

The dominant signal in this window is a potential US-Iran ceasefire deal, with multiple sources (Axios, Bloomberg, Al Jazeera) reporting a draft 60-day MOU to extend the truce, pending Trump's approval. However, Iran's Supreme Leader Khamenei has rejected the MOU, creating high uncertainty. This has caused oil to tumble below $90, the dollar to fall, and Treasuries to rise, while Bitcoin remains under pressure below $73k. Separately, Arm Holdings (ARM) surged 12% on a street-high $360 price target driven by agentic AI and a $2B backlog. Best Buy (BBY) popped on strong Q1 earnings, and Digital Turbine (APPS) soared 20% on a BofA upgrade. Dark pool activity shows large institutional orders in NFLX ($274.59M) and EFV ($126.37M). The US-Iran narrative is ESCALATING in uncertainty despite the reported deal framework, while tech earnings (ARM, SNOW, MRVL) provide a bullish counter-narrative.