WS #9168

The data dump is dominated by noise: sports betting, weather predictions, and routine social media posts. However, several actionable signals emerge. First, a major tech infrastructure deal: Google signed a $30 billion contract with SpaceX to lease computing power, paying $920 million per month through June 2029, just ahead of SpaceX's IPO. This validates SpaceX's data center business and supports a $1.75 trillion+ valuation, while securing Alphabet's AI infrastructure. Second, a Fed warning: San Francisco Fed President Mary Daly cautioned that AI stock valuations may be premature, setting 2027 as a critical test. This directly impacts the Mag7 and AI-exposed tickers. Third, a geopolitical development: CNN reports that Israel secretly deployed special forces and Mossad to Azerbaijan during the Iran war, operating 60 miles from Tabriz. This escalates the Iran conflict narrative and could impact oil prices and defense stocks. Fourth, the crypto market is experiencing its worst weekly rout since FTX, with $390 billion in value wiped out and $7 billion in liquidations. Bitcoin and ether are down 17.3% and 22% respectively. Fifth, IATA warns that high fuel costs will trigger airline failures and consolidation, a bearish signal for airlines. Sixth, Illinois Governor Pritzker paused state tax incentives for data centers, a negative for data center REITs and tech infrastructure plays. Seventh, a Pentagon report warns of heightened Israeli espionage against US officials, including Steve Witkoff, which could complicate Iran negotiations. Finally, the EU inflation data shows a rise to 3.2%, paving the way for a potential ECB rate hike on June 11, which is bearish for European equities and could spill over to US markets.