WS #8952
The dominant signal in this window is the escalation of the Iran conflict, with the US House passing a resolution to rein in Trump's Iran war powers (215-208), sending a bipartisan rebuke. This is corroborated by multiple sources (Bluesky, Benzinga). Simultaneously, TSMC's CEO reiterated a 30% growth outlook for 2026, with capital spending up to $56bn, reinforcing the bullish AI narrative for semiconductors. Bitcoin selloff continues below $62,000, with $1.5 billion in crypto longs liquidated and persistent ETF outflows, signaling waning institutional demand. The narrative arc is ESCALATING for Iran-related geopolitical risk (oil, defense), STABLE for AI demand, and DE-ESCALATING for Israel-Lebanon tensions (ceasefire extension).
Key developments
- US House passes resolution to limit Trump's Iran war powers, 215-208
- TSMC maintains 30% growth outlook for 2026, capital spending up to $56bn
- Bitcoin drops below $62,000, $1.5B in crypto longs liquidated
- Quantinuum (Honeywell) raises $1.68B in US IPO at $60/share
- CrowdStrike signals FY2027 net new ARR $1.279B-$1.303B, outlines 4-for-1 stock split