WS #6856

The data dump is overwhelmingly dominated by noise: thousands of Polymarket sports bets, routine crypto price updates, and generic social media posts. The only material signals are: (1) China's April exports rebounded strongly, growing 14.1% YoY (vs 7.9% expected), with the trade surplus widening to $84.8B, corroborated by CNBC and a Bluesky post. This suggests resilience in Chinese manufacturing and could support global growth-sensitive assets. (2) Goldman Sachs sees Fed cuts delayed to December, March on inflation, per Bloomberg. This is a hawkish shift that could pressure rate-sensitive sectors. (3) Iran accuses US of 'reckless military adventure' amid ongoing Strait of Hormuz tensions, with US forces disabling Iranian tankers. This maintains geopolitical risk and oil supply concerns. (4) A Frontier Airlines flight at Denver struck a person on the runway, causing an engine fire - an isolated incident with no broader market impact. The previous window's Russia-Ukraine ceasefire story has no new data and is suppressed. The dominant themes are: China trade data (bullish for industrials/materials), hawkish Fed delay (bearish for growth/tech), and persistent Iran tensions (bullish for energy).