WS #9151

The data dump is dominated by noise: sports scores, weather forecasts, local news, and routine market commentary. The only actionable signal is the ongoing carry-forward of the strong US jobs report from the previous window, which triggered a sharp tech selloff (S&P 500 -2.6%, Nasdaq -4.2%) and a spike in the 10-year yield above 4.5%. This narrative remains stable and unrefuted. A minor signal is the White House AI policy adviser Krishnan leaving his position, which could create short-term uncertainty for AI policy but has limited direct market impact. The Strait of Hormuz blockage continues with workarounds keeping crude below $100/bbl, a stable geopolitical factor. No new high-significance developments emerged in this window.