WS #9591

The dominant signal in this window is the escalating US-Iran deal narrative, now with concrete details and counter-signals. President Trump stated a deal could be signed within days, including a 60-day ceasefire extension and reopening of the Strait of Hormuz, with planned strikes on Kharg Island shelved. However, Iran has undercut this, saying no final decision has been made, creating uncertainty. Separately, an explosion was reported near Sirik coast, cause unknown. The SpaceX IPO is confirmed for Friday at $135/share, raising $75B, with Senator Warren questioning index rule changes. Lennar reported mixed Q2 earnings with revenue miss and trimmed deliveries guidance. Bank stocks hit record highs on deal hopes. The dollar fell on easing safe-haven demand. CME Group announced 24/7 trading for smaller WTI and gold contracts. A large dark pool order of $1.75B in AVGO was detected. The US-Iran deal narrative is ESCALATING with new details but also counter-signals from Iran.