WS #8941

The dominant signal in this window is the House passage of an Iran War Powers Resolution (215-208) to curb Trump's military action against Iran, a significant political development that could signal de-escalation of the Iran conflict. This is corroborated by multiple sources (AP, Bloomberg, NPR, multiple social media accounts). The resolution now moves to the Senate, where a veto is expected. Separately, SpaceX is targeting a $1.77 trillion valuation for its IPO, with reports of a $135/share price and 555.6M shares. The Fed's Beige Book shows inflation rising across most districts, attributed partly to the Iran conflict. Broadcom (AVGO) continues to decline post-earnings, down ~16.5% from its high, dragging semis. CrowdStrike (CRWD) reported record net new ARR and first positive GAAP net income, announcing a 4-for-1 stock split. Alphabet (GOOGL) upsized its capital raise to $84.75B. Ukraine struck a St. Petersburg oil terminal ahead of Russia's economic forum. Oil prices remain elevated with WTI at $96 and Brent at $97. The House War Powers resolution is a counter-signal to the prevailing bearish geopolitical thesis, potentially dampening oil risk premium and defense stock momentum.