WS #7759

The dominant signal in this window is the U.S. Senate advancing a War Powers Resolution to limit Trump's war on Iran, passing 50-47 with four Republican flips. This is a significant escalation in congressional pushback, though the resolution still faces further debate. The move is corroborated by multiple sources (AP, NBC, Bloomberg, multiple social accounts) and could dampen geopolitical risk premiums, potentially weighing on oil prices and defense stocks while easing pressure on risk assets. Separately, Goldman Sachs has been selected to lead SpaceX's mega-IPO, a high-profile event that could boost sentiment for space and tech IPOs. The 30-year Treasury yield hit a 19-year high of 5.19%, driven by persistent inflation concerns and the Iran impasse, pressuring growth stocks like PANW, ORCL, and GOOGL, while AI stocks like ARM, SNOW, and DDOG bucked the trend. Fed's Paulson stated the current policy rate is appropriate and rate cuts require renewed inflation progress, reinforcing a hawkish stance. A brush fire near LA burned 830+ acres with 28k evacuated, but this is a local event with limited market impact. The narrative arc is ESCALATING on the Iran war powers front, while the macro inflation/rate story remains STABLE with no new data.