WS #10588
The dominant signal in this window is the continued de-escalation of the Strait of Hormuz crisis, with multiple sources (Reuters, ship tracking) confirming ships sailing through under a UN scheme, directly countering the bearish energy thesis. Separately, JPMorgan raised its S&P 500 year-end target to 7,800, a bullish macro signal. In corporate news, Cerebras (CBRS) fell ~13% premarket on margin concerns, while Absci (ABSI) surged 24% on positive Phase 1 hair loss drug data. The EU joining the Pax Silica AI alliance is a geopolitical development with implications for tech. The narrative arc for Hormuz is DE-ESCALATING, while the Israel-Lebanon situation remains ESCALATING.
Topics
Key developments
- Ships sail through Strait of Hormuz under UN scheme, confirming de-escalation
- JPMorgan raises S&P 500 year-end target to 7,800, citing 'blue sky' scenario
- Cerebras falls ~13% premarket on margin forecast disappointment
- Absci stock surges 24% on positive Phase 1 hair loss drug data
- European Union joins Pax Silica AI alliance to counter China