WS #9271

The Israel-Iran conflict continues to escalate with multiple waves of ballistic missile attacks from Iran toward Israel, including reports of impacts near Jerusalem and Haifa. The Houthis also fired a ballistic missile toward central Israel, raising concerns about the Bab el-Mandeb waterway. Treasuries fell as investors bet on Fed rate hikes due to strong jobs data and Middle East tensions fueling inflation concerns. Jensen Huang called the tech selloff a buying opportunity, stating AI buildout has just begun. The narrative is clearly ESCALATING with no de-escalation signals in this window.