WS #8501

The dominant theme in this window is the tech-led AI rally continuing to accelerate, with multiple MAG7 and AI infrastructure stocks hitting milestones. Dell surged to $350 and a $250B market cap, CrowdStrike reached $700 and $175B market cap, and Palantir hit $150. Broadcom hit an all-time high, and software stocks broadly surged. This is an ESCALATION of the prior tech rally narrative. Meanwhile, a federal judge temporarily blocked Trump's $1.8B 'anti-weaponization' fund, a political development with limited direct market impact. On the geopolitical front, Iran's foreign minister held productive talks with Oman, supporting de-escalation hopes. A quarter of Big Oil tankers trapped by the Iran war have escaped, per Bloomberg, easing some supply fears. However, China stepped up enforcement of critical mineral export controls, which could impact supply chains. Canada's Q1 GDP flatlined, confirming a technical recession. Russian diesel production fell ~10% in May due to drone attacks, adding to oil supply concerns. The CFTC approved the first regulated bitcoin perpetual futures contract via Kalshi, a significant step for US crypto markets. Sui blockchain suffered another outage. Overall, the tech rally is the strongest signal, with cross-corroboration from multiple sources on MAG7 milestones.