WS #9653

The dominant signal in this window is the escalating US-Iran peace deal narrative, now with multiple corroborating sources indicating a final agreed text is near. Pakistan PM Shehbaz Sharif stated a final text has been reached, while Iran's top negotiator Qalibaf said commitments must be kept and a close deal is the only way. French Foreign Minister cited positive signs accumulating. However, Trump denied an imminent deal, calling Iran 'very dishonorable,' creating a counter-signal that injects uncertainty. The SpaceX IPO continues to dominate with a $2T+ valuation, but no new material data points beyond the existing narrative. Meta's internal memo to curb employee AI usage due to soaring costs is a new development that could pressure META sentiment. The overall US-Iran theme is ESCALATING toward a potential deal, but Trump's denial acts as a counter-signal.