WS #6317
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: Iran war, oil at ~$111/bbl, Apple's record quarter with RAM cost warnings, Meta's bond sale and user loss, Alphabet's cloud strength, yen weakness, tight US labor market, and Fed hold. No counter-signals or de-escalation detected.
Key developments
- Iran supreme leader defies US blockade; oil spikes to $126/bbl
- Apple beats Q2 estimates, $100B buyback, but warns of chip supply constraints
- Meta raises $25B for AI capex, loses 20M DAUs, stock drops ~8.5%
- Alphabet surges ~10% to all-time high on Google Cloud growth
- UK terror threat raised to 'severe' after Golders Green stabbing
- US PCE inflation hits 3.5% in March, highest in 3 years
- Singapore PM warns of recession risk from prolonged Hormuz closure
- UAE exits OPEC, deepening rift with Saudi Arabia