WS #8507
No material new developments in the last 30 minutes. The Iran de-escalation narrative remains dominant with no new data points. Markets continue to reflect the prior themes: oil near three-month lows, DJIA above 51k, QQQ up 10.1% in May, Bitcoin sliding to $72,500. No counter-signals or non-dominant-narrative developments have emerged.
Key developments
- Trump finalizes Iran deal: naval blockade lifted, uranium destroyed, Strait of Hormuz reopened
- Bitcoin slides to $72,500, down 5.5% on the week; two-month winning streak in jeopardy
- Dell Technologies surges 80% since Trump mention; Wells Fargo raises PT to $505
- Kazakhstan offers to take Iran's uranium stockpile, facilitating nuclear deal
- CFTC approves Bitcoin perpetual futures for onshore US platforms
- Massive dark pool order: $106.7M in NVDA, $196.7M in SPY, $735M in AVGO (ongoing)
- Dow Jones crosses 51,000 for the first time; QQQ up 10.1% in May