WS #6292

The dominant signal in this window is a massive wave of Q1 2026 earnings reports, with several high-profile beats and raises that could drive sector-specific moves. Apple (AAPL) reported a beat on both EPS ($2.01 vs $1.96) and revenue ($111.18B vs $109.66B), with strong Services ($30.98B vs $30.37B) and Greater China ($20.50B vs $18.91B) results, and authorized an additional $100B buyback. However, iPhone revenue slightly missed ($56.99B vs $57.21B) and CEO Cook noted supply constraints on advanced node chips, which could weigh on sentiment. Reddit (RDDT) crushed estimates with a 69% revenue jump, and Atlassian (TEAM) soared on Q3 results and guidance that surged past Wall Street forecasts. On the negative side, Roblox (RBLX) plummeted 20% after slashing its bookings outlook, and Clorox (CLX) cut its annual profit forecast on weak demand. Geopolitically, Iran tensions remain elevated: air defense sounds were reported in Tehran, and Trump declared the Strait of Hormuz blockade 100% effective, while also stating the war with Iran has been won. The US and UK agreed on preferential duty access for UK whiskey, a positive for Diageo. The dominant theme is earnings-driven with a stable-to-escalating geopolitical backdrop.