WS #5013

The data window reveals a significant de-escalation in the Iran conflict narrative, with multiple high-signal sources indicating diplomatic progress and a sharp reversal in oil prices. Bloomberg reports via jetstream.bsky.priority that 'The Entire Iran War Selloff Has Been Erased,' corroborated by alpaca.news noting U.S. equities rallying to pre-war highs and crude plunging nearly 7% as Vice President JD Vance cites 'a lot of progress' in Iran talks. This counters the previous hawkish blockade narrative and dampens inflationary pressures, directly impacting Fed policy expectations. However, inflation remains a concern: jetstream.bsky.priority reports U.S. consumer prices up 3.3% year-over-year in March, and Bloomberg notes U.S. gasoline and diesel pump prices reach all-time seasonal highs, sustaining some hawkish pressure. In corporate developments, Tesla sees a large institutional options buy ($3.3M on $395 Calls), a bullish signal ahead of earnings, while a dark pool alert shows a $221.54M institutional buy of Micron ($MU), reinforcing semiconductor strength. BlackRock reports profits jumping as it draws in $130bn, a positive for the asset manager. The Nasdaq is on track for its 10th straight green day, its longest winning streak since 2021, indicating tech resilience despite macro shifts.