WS #5990

The dominant signal remains the attempted assassination of President Trump at the White House Correspondents' Dinner, with new details emerging: the White House Press Secretary confirms the gunman sought to assassinate Trump and senior officials, and Trump is leveraging the attack to demand his $400 million White House ballroom project be unblocked. This escalation reinforces risk-off sentiment and safe-haven flows. Separately, Ukrainian drone strikes on the Yaroslavl oil refinery (4.6% of Russia's refining capacity) are corroborated by multiple sources, adding supply-side pressure to oil markets—bullish for energy (XOM, CVX) and bearish for airlines (DAL, UAL). The IEA jet fuel crisis warning from the previous window remains relevant. A new signal: Bloomberg reports investors are hedging stocks at record levels while betting on higher rates, indicating growing macro uncertainty. The Colombia president's visit to Venezuela is a minor geopolitical development with limited market impact.