WS #5414

The data dump reveals a significant de-escalation in the Strait of Hormuz crisis, directly countering the previous escalation narrative. SeekingAlpha reports TUI Cruises has cleared two ships through the Strait, while a jetstream source declares the 'Strait of Hormuz is completely open,' with S&P 500 futures surging to a record high on this news. This development dampens oil supply risks and bullish energy sector sentiment, shifting focus to broader market optimism. Concurrently, market sentiment pivots sharply away from macro war fears, as MarketWatch notes the S&P 500 has blown past 7,000 with the Iran war 'no longer worth worrying about,' and jetstream sources highlight option traders flipping from concern to FOMO on the equity rebound. This is corroborated by CNBC reporting software stocks joining the rally, with Microsoft up 13% last week, indicating a rotation back into beaten-down tech names. However, a counter-signal emerges with President Trump planning to send representatives to Pakistan for talks to end the Iran war on Monday evening, suggesting ongoing diplomatic efforts that could further stabilize the situation. The Apple 'display breakthrough' signal from the previous window remains ongoing without contradiction, maintaining a positive MAG7-specific catalyst.