WS #9938
No genuinely new developments in the last 30 minutes. The dominant narrative remains the US-Iran peace deal scheduled for Friday, with oil prices lower and a rotation out of energy. No counter-signals or non-dominant-narrative developments have emerged to alter the outlook.
Key developments
- US and Iran digitally sign peace deal; Strait of Hormuz to reopen, oil crashes below $80
- SpaceX surpasses Microsoft and Amazon in market cap, acquires Cursor for $60B
- Ukrainian drones strike Moscow's largest oil refinery, penetrating air defenses
- Trump reportedly considering firing Hegseth and Ratcliffe over Iran deal opposition
- Robinhood cuts 10% of workforce despite CEO claiming strong business
- Qualcomm in talks to acquire Tenstorrent for $8-10B; unusual options activity