WS #9571

The dominant signal in this window is a dramatic de-escalation in US-Iran tensions. President Trump announced he has canceled planned military strikes against Iran, stating that discussions and final points have been approved by all parties involved. He indicated a deal signing is imminent, with time and place to be announced shortly, though the naval blockade remains until finalization. This represents a sharp reversal from earlier threats to strike Iran 'VERY HARD' and seize its oil infrastructure. The announcement was corroborated by multiple sources (Reuters, CNBC, Seeking Alpha, Alpaca, and numerous social media posts) and triggered an immediate market reaction: stock indexes surged, oil prices dropped sharply, and the S&P 500 rose over 100 points. The narrative arc is a clear DE-ESCALATION from the prior crisis footing. Counter-signal: The naval blockade remains in place, and the deal is not yet signed, leaving some residual risk. Separately, Muddy Waters Research issued a report on Ensign Group (ENSG), causing shares to spike lower. Other notable items: Robinhood (HOOD) trending higher after Needham price target raise; Quantinuum (QNT) surging; Extreme Networks (EXTR) up on Rosenblatt target hike; and a Cisco (CSCO) zero-day vulnerability disclosed. The SpaceX IPO narrative continues with Musk addressing ASML employees, underscoring chip manufacturing ambitions.